Nicholas Company Inc. Decreases Stock Position in L3Harris Technologies Inc $LHX

Nicholas Company Inc. lessened its stake in L3Harris Technologies Inc (NYSE:LHX) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,905 shares of the company’s stock after selling 3,385 shares during the quarter. Nicholas Company Inc.’s holdings in L3Harris Technologies were worth $18,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitlin John LLC purchased a new position in L3Harris Technologies in the 3rd quarter worth approximately $28,000. American National Bank & Trust boosted 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 acquiring an additional 30 shares during the period. JPL Wealth Management LLC purchased a new position in L3Harris Technologies in the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new position in L3Harris Technologies in the 3rd quarter worth approximately $31,000. Finally, GGM Financials LLC acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jon Rambeau sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the transaction, the insider owned 7,660 shares of the company’s stock, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Melanie Rakita sold 2,180 shares of the stock in a transaction 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,365 shares of company stock valued at $5,861,117 over the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LHX. JPMorgan Chase & Co. upped their target price on L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Royal Bank Of Canada upped their target price 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. Wolfe Research reaffirmed an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Argus raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Citigroup upped their price target on L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $300.08 on Monday. L3Harris Technologies Inc has a 1-year low of $214.10 and a 1-year high of $379.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The business’s fifty day moving average price is $349.03 and its two-hundred day moving average price is $324.06. The firm has a market capitalization of $55.90 billion, a PE ratio of 32.58, a P/E/G ratio of 1.51 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results 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. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company earned $2.41 earnings per share. The firm’s revenue for the quarter 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 expect that L3Harris Technologies Inc will post 11.56 EPS for the current year.

L3Harris Technologies Announces Dividend

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

About L3Harris Technologies

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.