L3Harris Technologies Inc $LHX Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,119 shares of the company’s stock after selling 2,385 shares during the quarter. Dana Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $13,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies during the third quarter worth about $28,000. American National Bank & Trust increased its position in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of L3Harris Technologies during the third quarter worth about $29,000. Triumph Capital Management purchased a new stake in shares of L3Harris Technologies during the third quarter worth about $31,000. Finally, GGM Financials LLC purchased a new stake in shares of L3Harris Technologies during the third quarter worth about $32,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LHX. Sanford C. Bernstein dropped their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada lifted their target price on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. UBS Group dropped their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Morgan Stanley lifted their target price on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Argus raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and an average target price of $354.75.

Insider Activity

In other news, VP Melanie Rakita sold 2,378 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the transaction, the vice president directly owned 4,882 shares of the company’s stock, valued at approximately $1,666,958.90. This represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samir Mehta sold 5,528 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,365 shares of company stock valued at $5,861,117. 0.68% of the stock is currently owned by insiders.

L3Harris Technologies Stock Down 1.3%

Shares of L3Harris Technologies stock opened at $303.56 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market cap of $56.55 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.53 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $226.47 and a fifty-two week high of $379.23. The business has a 50-day moving average price of $342.05 and a 200 day moving average price of $324.38.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts forecast that L3Harris Technologies Inc will post 11.57 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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