L3Harris Technologies Inc $LHX Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB decreased its stake in L3Harris Technologies Inc (NYSE:LHX) by 4.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,177 shares of the company’s stock after selling 2,729 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in L3Harris Technologies were worth $17,777,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LHX. REAP Financial Group LLC increased its holdings in shares of L3Harris Technologies by 12.9% during the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after purchasing an additional 29 shares in the last quarter. 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 valued at $28,000 after buying an additional 30 shares during the period. CYBER HORNET ETFs LLC increased its holdings in L3Harris Technologies by 5.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after buying an additional 30 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of L3Harris Technologies by 3.7% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock worth $253,000 after acquiring an additional 31 shares during the period. Finally, Keudell Morrison Wealth Management boosted its stake in shares of L3Harris Technologies by 0.7% during the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after acquiring an additional 31 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 0.2%

LHX opened at $277.69 on Tuesday. The company has a market cap of $51.71 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.51. L3Harris Technologies Inc has a twelve month low of $262.68 and a twelve month high of $379.23. The company has a 50-day moving average price of $296.85 and a 200 day moving average price of $327.05. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the company posted $2.78 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that L3Harris Technologies Inc will post 11.87 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Susquehanna lowered their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday. BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein reduced their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

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.