Independent Financial Group LLC Purchases New Shares in L3Harris Technologies Inc $LHX

Independent Financial Group LLC acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,228 shares of the company’s stock, valued at approximately $769,000.

Several other large investors also recently made changes to their positions in LHX. REAP Financial Group LLC lifted its position in L3Harris Technologies by 12.9% during the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after buying an additional 29 shares in the last quarter. Burns J W & Co. Inc. NY increased its position in L3Harris Technologies by 3.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock valued at $290,000 after acquiring an additional 30 shares in the last quarter. American National Bank & Trust raised its stake in shares of L3Harris Technologies by 44.8% in 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. CYBER HORNET ETFs LLC lifted its position in shares of L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after purchasing an additional 30 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its position in shares of L3Harris Technologies by 3.7% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock worth $253,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LHX. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein decreased their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. UBS Group lowered their target price 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. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two equities 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 data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $354.75.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president directly 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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Price Performance

Shares of LHX opened at $277.60 on Wednesday. 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 $260.22 and a 1 year high of $379.23. The stock has a market cap of $51.71 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.42 and a beta of 0.51. The stock’s 50-day moving average price is $299.98 and its two-hundred day moving average price is $328.88.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations 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 was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities analysts predict that L3Harris Technologies Inc will post 11.54 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was 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.