First Financial Bankshares Inc Raises Holdings in L3Harris Technologies Inc $LHX

First Financial Bankshares Inc grew its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,952 shares of the company’s stock after purchasing an additional 3,264 shares during the period. First Financial Bankshares Inc owned approximately 0.09% of L3Harris Technologies worth $49,893,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in L3Harris Technologies during the fourth quarter valued at approximately $25,000. Caitlin John LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $28,000. American National Bank & Trust lifted its stake in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Sanford C. Bernstein lowered their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

Insider Buying and Selling

In related news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the transaction, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Trading Up 3.0%

Shares of NYSE LHX opened at $312.01 on Friday. 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 business’s 50 day moving average price is $323.86 and its 200-day moving average price is $327.27. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23. The company has a market cap of $58.12 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 1.53 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts expect that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio is presently 54.29%.

L3Harris Technologies 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.