Insider Selling: L3Harris Technologies (NYSE:LHX) VP Sells $811,968.10 in Stock

L3Harris Technologies Inc (NYSE:LHX) VP Melanie Rakita sold 2,378 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares in the company, valued at approximately $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Melanie Rakita also recently made the following trade(s):

• On Monday, March 2nd, Melanie Rakita sold 751 shares of L3Harris Technologies stock. The stock was sold at an average price of $370.32, for a total transaction of $278,110.32.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $368.63 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $339.91 and its two-hundred day moving average price is $304.55. L3Harris Technologies Inc has a 52-week low of $195.72 and a 52-week high of $379.23. The stock has a market capitalization of $68.85 billion, a P/E ratio of 43.22, a P/E/G ratio of 2.65 and a beta of 0.63.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.10. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.47 EPS. As a group, sell-side analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. L3Harris Technologies’s dividend payout ratio (DPR) is 56.27%.

Institutional Investors Weigh In On L3Harris Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new position in shares of L3Harris Technologies during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies during the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in L3Harris Technologies in the fourth quarter worth about $25,000. Caitlin John LLC acquired a new stake in L3Harris Technologies in the 3rd quarter valued at about $28,000. Finally, American National Bank & Trust lifted its holdings in 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 acquiring an additional 30 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Key Headlines Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Management split and CFO appointment positions Missile Solutions for faster scale-up and an eventual IPO — Kenneth Sharp will become CFO while Ken Bedingfield will focus full‑time on leading Missile Solutions and ramping solid‑rocket motor production to meet urgent demand, a clear strategic prioritization that can re‑rate the segment and unlock value. L3Harris Appoints Ken Sharp…
• Positive Sentiment: Analyst upgrade and price‑target increases helped push LHX to a new 12‑month high, validating momentum and likely attracting short‑term buyers and momentum flows. L3Harris Sets New 12-Month High…
• Positive Sentiment: Citi reiterates a missile/armaments “megatrend” and flags L3Harris as a beneficiary, supporting a longer‑term demand thesis for missile systems and interceptors which underpins higher revenue and capex visibility. Missile ‘megatrend’ still underestimated…
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems to support SDA Tranche 3 spacecraft platforms — a contract/partnering win that supports the company’s space‑systems backlog and program diversity. Intuitive Machines Selected…
• Neutral Sentiment: Opinion coverage questions valuation after an ~81% one‑year run; useful for positioning but not new company‑specific fundamentals—signals some investors are debating whether upside is already priced in. Is It Too Late To Consider L3Harris…
• Negative Sentiment: Insider selling: multiple disclosed sales (Samir Mehta and Jon Rambeau each sold 5,528 shares; VP Melanie Rakita sold multiple tranches totaling ~3,129 shares). Large insider exits can weigh on sentiment even if sales are for personal/liquidity reasons. Insider Jon Rambeau Sells…
• Negative Sentiment: Additional filings detail Melanie Rakita’s earlier sale and larger reduction in her stake — repeated insider reductions may increase short‑term selling pressure or caution among some investors. Melanie Rakita Sells 751 Shares…

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LHX. Citigroup increased their price objective on shares of L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Vertical Research reaffirmed a “buy” rating and set a $355.00 price target on shares of L3Harris Technologies in a report on Tuesday, January 13th. UBS Group boosted their price objective on L3Harris Technologies to $323.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Sanford C. Bernstein restated an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

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.