Legal & General Group Plc Acquires 8,414 Shares of L3Harris Technologies Inc $LHX

Legal & General Group Plc raised its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,120,962 shares of the company’s stock after acquiring an additional 8,414 shares during the period. Legal & General Group Plc’s holdings in L3Harris Technologies were worth $329,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Korea Investment CORP grew its holdings in shares of L3Harris Technologies by 11.2% in the 3rd quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock valued at $46,901,000 after buying an additional 15,408 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of L3Harris Technologies by 13.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock valued at $9,230,000 after buying an additional 3,532 shares during the period. Crystal Rock Capital Management acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at $1,993,000. Neo Ivy Capital Management acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at $1,203,000. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at $72,446,000. Institutional investors own 84.76% of the company’s stock.

Insider Transactions at L3Harris Technologies

In other news, insider Samir Mehta sold 5,528 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,756 shares in the company, valued at $2,872,201.92. This represents a 41.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Melanie Rakita sold 2,378 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president owned 4,882 shares of the company’s stock, valued at approximately $1,666,958.90. This represents a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,365 shares of company stock worth $5,861,117 in the last three months. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Trading Up 0.5%

NYSE LHX opened at $313.55 on Wednesday. The stock has a market capitalization of $58.41 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.58 and a beta of 0.51. The stock’s 50 day moving average price is $334.71 and its two-hundred day moving average price is $325.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. L3Harris Technologies Inc has a 52 week low of $237.56 and a 52 week high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio is currently 54.29%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LHX shares. Royal Bank Of Canada boosted their price target on shares of L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Sanford C. Bernstein decreased their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a report on Friday, January 30th. Morgan Stanley boosted their price target on shares of L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.75.

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.