Jon Rambeau Sells 5,528 Shares of L3Harris Technologies (NYSE:LHX) Stock

L3Harris Technologies Inc (NYSE:LHX) insider Jon Rambeau sold 5,528 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider owned 7,660 shares in the company, valued at approximately $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $368.41 on Wednesday. The stock has a market cap of $68.81 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 2.73 and a beta of 0.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19. The stock has a 50 day moving average price of $338.52 and a 200-day moving average price of $304.10. L3Harris Technologies Inc has a one year low of $195.72 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.10. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.L3Harris Technologies’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.47 EPS. Equities analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.20. L3Harris Technologies’s dividend payout ratio is presently 56.27%.

Institutional Investors Weigh In On L3Harris Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of LHX. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac purchased a new stake in L3Harris Technologies in the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies during the 4th quarter worth about $25,000. Caitlin John LLC purchased a new position in L3Harris Technologies during the 3rd quarter valued at about $28,000. Finally, JPL Wealth Management LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter valued at about $29,000. 84.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LHX has been the subject of several analyst reports. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. raised their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Citigroup upped their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. BNP Paribas Exane upgraded L3Harris Technologies to a “hold” rating in a research report on Tuesday, November 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $328.57.

Key L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Citi says a missile “megatrend” is still underestimated and named L3Harris among the contractors most exposed to growth in missile and interceptor systems — a macro tailwind for LHX’s Missile Solutions business. Article Title
• Positive Sentiment: L3Harris appointed Ken Sharp as CFO and moved Ken Bedingfield to focus full-time on Missile Solutions to rapidly scale solid rocket motor manufacturing and prepare the unit for a future IPO — a management move explicitly aimed at accelerating a high-growth segment. Article Title
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems as a partner to support spacecraft platforms for the SDA Tranche 3 Tracking Layer — progress on space/ISR programs supports recurring revenue potential in the Space & ISR portfolio. Article Title
• Positive Sentiment: Sector momentum: market commentary says defense contractors are poised to ramp production amid Middle East tensions, implying potential incremental orders and capex for vendors like LHX. Article Title
• Neutral Sentiment: Analyst/upgrades and institutional flows are mixed: Argus upgraded LHX recently and MarketBeat notes some institutional buying, but consensus price targets and ratings vary — supporting interest but not a uniform buy signal. Article Title
• Negative Sentiment: Significant insider selling: filings show large sales by Samir Mehta and Jon Rambeau (~5,528 shares each) and additional VP sales by Melanie Rakita — these sizable reductions in insider holdings can weigh on near-term sentiment. Article Title

L3Harris Technologies Company 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.