DJE Kapital AG Purchases New Shares in L3Harris Technologies Inc $LHX

DJE Kapital AG acquired a new position in L3Harris Technologies Inc (NYSE:LHX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,610 shares of the company’s stock, valued at approximately $473,000.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. lifted its position in L3Harris Technologies by 70.7% during the 4th quarter. Principal Securities Inc. now owns 4,618 shares of the company’s stock worth $1,356,000 after buying an additional 1,913 shares in the last quarter. Aviva PLC increased its position in L3Harris Technologies by 10.2% in the 4th quarter. Aviva PLC now owns 163,583 shares of the company’s stock valued at $48,023,000 after acquiring an additional 15,104 shares in the last quarter. RKL Wealth Management LLC raised its stake in shares of L3Harris Technologies by 10.2% in the fourth quarter. RKL Wealth Management LLC now owns 11,034 shares of the company’s stock worth $3,239,000 after acquiring an additional 1,021 shares during the last quarter. Ullmann Wealth Partners Group LLC acquired a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $229,000. Finally, First Financial Bankshares Inc lifted its position in shares of L3Harris Technologies by 2.0% during the fourth quarter. First Financial Bankshares Inc now owns 169,952 shares of the company’s stock worth $49,893,000 after purchasing an additional 3,264 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LHX. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. 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. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

Insiders Place Their Bets

In other news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Up 3.0%

Shares of LHX stock opened at $312.01 on Friday. L3Harris Technologies Inc has a 12-month low of $243.84 and a 12-month high of $379.23. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $323.86 and a 200-day moving average of $327.27. The company has a market capitalization of $58.12 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 1.53 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities research analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend 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%.

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.