ABN Amro Investment Solutions Invests $2.32 Million in L3Harris Technologies Inc $LHX

ABN Amro Investment Solutions purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,913 shares of the company’s stock, valued at approximately $2,323,000.

A number of other large investors also recently modified their holdings of LHX. Caitlin John LLC acquired a new position in shares of L3Harris Technologies during the third quarter worth approximately $28,000. American National Bank & Trust grew its position in 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 buying an additional 30 shares in the last quarter. JPL Wealth Management LLC bought a new position in L3Harris Technologies during the third quarter valued at about $29,000. Triumph Capital Management bought a new position in L3Harris Technologies during the third quarter valued at about $31,000. Finally, GGM Financials LLC acquired a new position in L3Harris Technologies in the 3rd quarter valued at approximately $32,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,378 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. This represents a 32.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon Rambeau sold 5,528 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,365 shares of company stock valued at $5,861,117 over the last ninety days. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LHX has been the subject of several research reports. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. UBS Group cut their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $312.12 on Friday. The stock has a market capitalization of $58.15 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 1 year low of $235.72 and a 1 year high of $379.23. The firm has a 50 day moving average of $336.51 and a 200-day moving average of $325.05.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm posted $2.41 EPS. The business’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

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.