L3Harris Technologies Inc (NYSE:LHX - Get Free Report) VP Melanie Rakita sold 2,180 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
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 value of $278,110.32.
- On Thursday, February 26th, Melanie Rakita sold 2,378 shares of L3Harris Technologies stock. The shares were sold at an average price of $341.45, for a total value of $811,968.10.
L3Harris Technologies Stock Performance
Shares of LHX opened at $302.58 on Wednesday. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market cap of $56.37 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.51. The stock has a 50-day moving average price of $351.13 and a 200-day moving average price of $323.81.
L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. The company 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%. L3Harris Technologies's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities analysts forecast that L3Harris Technologies Inc will post 11.54 earnings per share for the current fiscal year.
L3Harris Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 1.7%. L3Harris Technologies's dividend payout ratio (DPR) is 54.29%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LHX. Independent Financial Group LLC purchased a new position in shares of L3Harris Technologies in the first quarter worth about $769,000. Prosperity Consulting Group LLC boosted its holdings in L3Harris Technologies by 6.2% during the 1st quarter. Prosperity Consulting Group LLC now owns 1,807 shares of the company's stock valued at $624,000 after acquiring an additional 106 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co grew its position in L3Harris Technologies by 2.6% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,960 shares of the company's stock worth $676,000 after acquiring an additional 50 shares during the last quarter. Wealthfront Advisers LLC grew its position in L3Harris Technologies by 54.6% during the 1st quarter. Wealthfront Advisers LLC now owns 20,091 shares of the company's stock worth $6,934,000 after acquiring an additional 7,095 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new position in L3Harris Technologies in the 1st quarter worth approximately $209,000. 84.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on LHX. Wolfe Research reiterated an "outperform" rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Susquehanna restated a "positive" rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Sanford C. Bernstein cut their price objective on L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a report on Monday. Finally, Royal Bank Of Canada increased their price objective on L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has an average rating of "Moderate Buy" and an average target price of $354.75.
Read Our Latest Stock Report on L3Harris Technologies
About L3Harris Technologies
(
Get 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.
Further Reading
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