Titan Wealth CI Ltd Takes $8.44 Million Position in L3Harris Technologies Inc $LHX

Titan Wealth CI Ltd purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 28,752 shares of the company’s stock, valued at approximately $8,441,000. L3Harris Technologies accounts for approximately 3.2% of Titan Wealth CI Ltd’s holdings, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Caitlin John LLC bought a new position in shares of L3Harris Technologies during the third quarter valued at $28,000. Finally, American National Bank & Trust lifted its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of research analyst reports. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Sanford C. Bernstein lowered their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group lowered their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.75.

Insider Activity

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

L3Harris Technologies Stock Up 2.2%

LHX stock opened at $310.95 on Wednesday. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23. The business’s 50-day moving average is $320.96 and its two-hundred day moving average is $327.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market cap of $57.93 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.54 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The business 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%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 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.