Fisher Asset Management LLC Purchases 4,310 Shares of L3Harris Technologies Inc $LHX

Fisher Asset Management LLC raised its position in L3Harris Technologies Inc (NYSE:LHX) by 156.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,071 shares of the company’s stock after buying an additional 4,310 shares during the period. Fisher Asset Management LLC’s holdings in L3Harris Technologies were worth $2,076,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Korea Investment CORP boosted its position 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 worth $46,901,000 after purchasing an additional 15,408 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in L3Harris Technologies by 13.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock worth $9,230,000 after acquiring an additional 3,532 shares in the last quarter. Crystal Rock Capital Management bought a new position in L3Harris Technologies during the third quarter worth about $1,993,000. Neo Ivy Capital Management bought a new position in L3Harris Technologies during the third quarter worth about $1,203,000. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in L3Harris Technologies during the third quarter worth about $72,446,000. 84.76% of the stock is currently owned by institutional investors.

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 7,756 shares in the company, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Rambeau sold 5,528 shares of the business’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 completion of the sale, the insider owned 7,660 shares of the company’s stock, valued at approximately $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,987 shares of company stock worth $5,049,149. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LHX shares. Royal Bank Of Canada lifted their price target on L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Argus raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Citigroup lifted their target price on L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted 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. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Trading Up 0.1%

Shares of NYSE:LHX opened at $314.98 on Friday. L3Harris Technologies Inc has a 12-month low of $237.56 and a 12-month high of $379.23. The stock has a market cap of $58.68 billion, a PE ratio of 34.20, a P/E/G ratio of 1.59 and a beta of 0.51. The business has a 50 day moving average of $331.41 and a 200-day moving average of $325.91. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business’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. As a group, equities research analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is 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.