L3Harris Technologies Inc $LHX Shares Purchased by Boston Partners
by Amy Steele · The Cerbat GemBoston Partners grew its holdings in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 27.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401,871 shares of the company’s stock after acquiring an additional 519,226 shares during the period. Boston Partners’ holdings in L3Harris Technologies were worth $709,396,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of LHX. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the fourth quarter worth about $25,000. Caitlin John LLC bought a new position in shares of L3Harris Technologies during the third quarter worth about $28,000. American National Bank & Trust lifted its position 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 worth $28,000 after purchasing an additional 30 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of L3Harris Technologies during the third quarter worth about $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of L3Harris Technologies during the fourth quarter worth about $30,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on LHX shares. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Sanford C. Bernstein cut their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. UBS Group cut their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.
Get Our Latest Stock Analysis on L3Harris Technologies
Insider Activity
In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction 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 sale, the vice president 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 filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.
L3Harris Technologies Trading Down 1.5%
L3Harris Technologies stock opened at $307.60 on Friday. The firm’s 50 day moving average price is $322.93 and its two-hundred day moving average price is $327.13. L3Harris Technologies Inc has a 1 year low of $243.84 and a 1 year 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 firm has a market cap of $57.30 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50.
L3Harris Technologies (NYSE:LHX – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business posted $2.41 EPS. The company’s 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, research analysts predict that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.
L3Harris Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid 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 dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) 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.
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