L3Harris Technologies Inc $LHX Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in L3Harris Technologies Inc (NYSE:LHX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 344,308 shares of the company’s stock after buying an additional 4,640 shares during the quarter. Hsbc Holdings PLC owned approximately 0.18% of L3Harris Technologies worth $101,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LHX. Fideuram Asset Management Ireland dac purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in L3Harris Technologies in the 4th quarter valued at about $25,000. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $28,000. Finally, American National Bank & Trust grew 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 buying an additional 30 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $294.98 on Monday. 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 stock has a market capitalization of $54.95 billion, a P/E ratio of 32.03, a PEG ratio of 1.49 and a beta of 0.50. The company has a 50 day moving average price of $317.53 and a 200 day moving average price of $328.47. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its earnings results 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 the consensus estimate of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Equities research analysts forecast that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is presently 54.29%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. 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 report on Friday, May 1st. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Argus upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $354.75.

Insider Activity

In related news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

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.