SGL Investment Advisors Inc. Sells 2,684 Shares of L3Harris Technologies Inc $LHX

SGL Investment Advisors Inc. lowered its position in L3Harris Technologies Inc (NYSE:LHX) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,160 shares of the company’s stock after selling 2,684 shares during the quarter. L3Harris Technologies accounts for about 1.5% of SGL Investment Advisors Inc.’s holdings, making the stock its 25th largest position. SGL Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $3,863,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LHX. Brighton Jones LLC lifted its position in shares of L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after acquiring an additional 3,001 shares during the period. Jump Financial LLC lifted its position in shares of L3Harris Technologies by 14.9% in the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after acquiring an additional 388 shares during the period. NewEdge Advisors LLC lifted its position in shares of L3Harris Technologies by 14.2% in the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after acquiring an additional 2,130 shares during the period. Nebula Research & Development LLC bought a new stake in shares of L3Harris Technologies in the 2nd quarter worth approximately $856,000. Finally, CIBC Asset Management Inc lifted its position in shares of L3Harris Technologies by 116.2% in the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after acquiring an additional 33,321 shares during the period. Institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LHX shares. Sanford C. Bernstein reduced their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Citigroup raised their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Argus raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Morgan Stanley increased their target price on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, UBS Group dropped their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Stock Up 1.9%

NYSE LHX opened at $312.12 on Friday. The firm has a market cap of $58.15 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. L3Harris Technologies Inc has a one year low of $235.72 and a one year high of $379.23. The stock’s 50 day simple moving average is $336.51 and its 200 day simple moving average is $325.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The business had revenue of $5.74 billion for 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 revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, sell-side analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share 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 given a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio is 54.29%.

Insider Buying and Selling

In related news, insider Samir Mehta sold 5,528 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,756 shares in the company, valued at $2,872,201.92. This represents a 41.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred 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. This trade represents a 34.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,365 shares of company stock worth $5,861,117 in the last three months. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Company 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.