Benjamin Edwards Inc. Has $5.04 Million Stock Holdings in L3Harris Technologies Inc $LHX

Benjamin Edwards Inc. raised its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 11.3% in the 3rd quarter, Holdings Channel reports. The firm owned 16,483 shares of the company’s stock after acquiring an additional 1,670 shares during the period. Benjamin Edwards Inc.’s holdings in L3Harris Technologies were worth $5,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gold Investment Management Ltd. boosted its holdings in shares of L3Harris Technologies by 108.4% during the 2nd quarter. Gold Investment Management Ltd. now owns 1,738 shares of the company’s stock worth $437,000 after buying an additional 904 shares in the last quarter. BankPlus Trust Department boosted its stake in L3Harris Technologies by 6.9% during the second quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock worth $1,468,000 after acquiring an additional 379 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in L3Harris Technologies by 20.6% during the second quarter. Janney Montgomery Scott LLC now owns 193,381 shares of the company’s stock worth $48,508,000 after acquiring an additional 33,019 shares in the last quarter. US Bancorp DE grew its holdings in L3Harris Technologies by 1.6% in the second quarter. US Bancorp DE now owns 344,112 shares of the company’s stock worth $86,317,000 after purchasing an additional 5,526 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in L3Harris Technologies in the second quarter valued at $1,218,000. 84.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LHX. Citigroup initiated coverage on L3Harris Technologies in a research note on Thursday, December 11th. They set a “buy” rating and a $331.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on L3Harris Technologies from $325.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Morgan Stanley increased their target price on L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on shares of L3Harris Technologies in a research note on Tuesday, November 18th. They set a “neutral” rating and a $290.00 price target for the company. Finally, Susquehanna reaffirmed a “positive” rating on shares of L3Harris Technologies in a research note on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.29.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the sale, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

L3Harris Technologies Trading Up 3.2%

NYSE:LHX opened at $336.07 on Friday. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $338.23. The firm has a 50-day moving average price of $290.29 and a two-hundred day moving average price of $281.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 1.14. The firm has a market cap of $62.86 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.10. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.34 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. On average, equities analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. L3Harris Technologies’s dividend payout ratio is currently 51.56%.

About L3Harris Technologies

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.