L3Harris Technologies Inc $LHX Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its position in L3Harris Technologies Inc (NYSE:LHX) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,704 shares of the company’s stock after acquiring an additional 2,041 shares during the period. M&T Bank Corp’s holdings in L3Harris Technologies were worth $4,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LHX. Caitlin John LLC acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at $28,000. American National Bank & Trust increased its position in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after acquiring an additional 30 shares during the period. JPL Wealth Management LLC acquired a new position in shares of L3Harris Technologies in the 3rd quarter valued at $29,000. Triumph Capital Management acquired a new stake in L3Harris Technologies during the 3rd quarter worth about $31,000. Finally, GGM Financials LLC acquired a new stake in L3Harris Technologies during the 3rd quarter worth about $32,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jon Rambeau sold 5,528 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. This trade represents a 41.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. 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 worth $5,861,117 in the last ninety days. Company insiders own 0.68% of the company’s stock.

L3Harris Technologies Trading Up 0.1%

Shares of NYSE:LHX opened at $302.85 on Thursday. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $56.42 billion, a PE ratio of 32.88, a PEG ratio of 1.53 and a beta of 0.51. The business has a 50 day moving average of $350.09 and a two-hundred day moving average of $323.94.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating 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 firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm earned $2.41 EPS. The company’s quarterly 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, analysts forecast that L3Harris Technologies Inc will post 11.54 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LHX shares. Royal Bank Of Canada increased their price target on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Argus raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Citigroup boosted their price target on L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Morgan Stanley boosted their price target on L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies 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.