Faithward Advisors LLC Acquires 2,408 Shares of L3Harris Technologies Inc $LHX

by · The Markets Daily

Faithward Advisors LLC increased its holdings in L3Harris Technologies Inc (NYSE:LHX – Free Report) by 291.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,233 shares of the company’s stock after acquiring an additional 2,408 shares during the quarter. Faithward Advisors LLC’s holdings in L3Harris Technologies were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac bought a new position in L3Harris Technologies in the fourth quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies during the 4th quarter valued at $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter worth $25,000. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies in the 3rd quarter worth $28,000. Finally, American National Bank & Trust raised 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 worth $28,000 after purchasing an additional 30 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LHX shares. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein reduced their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Two 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

Get Our Latest Stock Analysis on L3Harris Technologies

L3Harris Technologies Trading Up 2.9%

Shares of L3Harris Technologies stock opened at $294.03 on Wednesday. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23. 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 capitalization of $54.77 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.44 and a beta of 0.50. The company has a fifty day moving average of $314.88 and a 200 day moving average of $328.67.

L3Harris Technologies (NYSE:LHX – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm earned $2.41 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Insider Transactions at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the business’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 value of $676,781.00. Following the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

L3Harris Technologies Profile

(Free Report)

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.

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