Waverly Advisors LLC Grows Stock Holdings in L3Harris Technologies Inc $LHX

Waverly Advisors LLC lifted its position in L3Harris Technologies Inc (NYSE:LHX) by 13.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,701 shares of the company’s stock after purchasing an additional 2,368 shares during the quarter. Waverly Advisors LLC’s holdings in L3Harris Technologies were worth $6,800,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cedar Mountain Advisors LLC lifted its position in L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after buying an additional 74 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in L3Harris Technologies during the fourth quarter valued at approximately $25,000. Tower View Wealth Management LLC purchased a new position in shares of L3Harris Technologies during the first quarter worth approximately $29,000. Fideuram Asset Management Ireland dac bought a new stake in shares of L3Harris Technologies in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC bought a new stake in shares of L3Harris Technologies in the 4th quarter worth approximately $25,000. 84.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Sanford C. Bernstein lowered their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. 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. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $361.70.

L3Harris Technologies Trading Up 1.2%

LHX opened at $303.74 on Tuesday. L3Harris Technologies Inc has a one year low of $267.25 and a one year high of $379.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The business has a 50 day simple moving average of $299.22 and a two-hundred day simple moving average of $328.63. The firm has a market capitalization of $56.58 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.52 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. 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 company posted $2.41 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts predict that L3Harris Technologies Inc will post 11.54 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

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.