L3Harris Technologies Inc $LHX Shares Purchased by RFG Advisory LLC

RFG Advisory LLC grew its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 137.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,469 shares of the company’s stock after purchasing an additional 2,583 shares during the quarter. RFG Advisory LLC’s holdings in L3Harris Technologies were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in L3Harris Technologies in the fourth quarter valued at $25,000. Motiv8 Investments LLC purchased a new stake in L3Harris Technologies in the fourth quarter valued at $25,000. Caitlin John LLC acquired a new position in L3Harris Technologies in the third quarter valued at $28,000. Finally, American National Bank & Trust boosted its stake in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by corporate insiders.

L3Harris Technologies Trading Up 1.0%

Shares of L3Harris Technologies stock opened at $291.45 on Friday. L3Harris Technologies Inc has a 1 year low of $245.12 and a 1 year high of $379.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market capitalization of $54.29 billion, a P/E ratio of 31.65, a PEG ratio of 1.47 and a beta of 0.50. The company’s fifty day moving average is $310.84 and its two-hundred day moving average is $328.53.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the company earned $2.41 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, June 5th. L3Harris Technologies’s payout ratio is 54.29%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. UBS Group dropped their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.