Advisory Alpha LLC Makes New $215,000 Investment in L3Harris Technologies Inc $LHX

Advisory Alpha LLC bought a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,026 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LHX. Clearstead Trust LLC bought a new position in shares of L3Harris Technologies during the 1st quarter valued at about $26,000. Beacon Capital Management LLC lifted its holdings in shares of L3Harris Technologies by 79.5% during the 1st quarter. Beacon Capital Management LLC now owns 131 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of L3Harris Technologies during the 4th quarter valued at about $37,000. Cornerstone Planning Group LLC lifted its holdings in shares of L3Harris Technologies by 323.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 182 shares of the company’s stock valued at $39,000 after purchasing an additional 139 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of L3Harris Technologies during the 1st quarter valued at about $39,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 1.8%

LHX stock opened at $280.62 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $270.63 and a two-hundred day moving average price of $240.87. The company has a market cap of $52.50 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.02 and a beta of 0.76. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $280.69.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.30. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.24 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. Analysts anticipate that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 5th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 53.63%.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 72,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $271.14, for a total value of $19,522,080.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares in the company, valued at $39,472,018.92. This trade represents a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LHX shares. UBS Group lifted their price objective on L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Barclays lifted their price objective on L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Susquehanna lifted their target price on L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $279.47.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.