AG2R LA Mondiale Gestion D Actifs Buys 2,557 Shares of L3Harris Technologies Inc $LHX

AG2R LA Mondiale Gestion D Actifs grew its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 33.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,170 shares of the company’s stock after acquiring an additional 2,557 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in L3Harris Technologies were worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. Victory Capital Management Inc. increased its holdings in L3Harris Technologies by 1,053.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock worth $360,964,000 after buying an additional 1,079,474 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in L3Harris Technologies in the 3rd quarter worth about $211,703,000. Two Sigma Investments LP increased its holdings in L3Harris Technologies by 560.7% in the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after buying an additional 521,312 shares in the last quarter. M&T Bank Corp increased its holdings in L3Harris Technologies by 3,127.8% in the 4th quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock worth $119,994,000 after buying an additional 396,077 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in L3Harris Technologies by 42.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,101,285 shares of the company’s stock worth $336,343,000 after buying an additional 325,963 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other L3Harris Technologies 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 value of $2,047,128.96. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the transaction, the vice president directly owned 4,882 shares in the company, valued at $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 16,365 shares of company stock valued at $5,861,117. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Trading Up 0.9%

Shares of NYSE:LHX opened at $302.46 on Tuesday. The stock has a market capitalization of $56.34 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.51 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The stock’s 50-day simple moving average is $347.15 and its two-hundred day simple moving average is $324.20. L3Harris Technologies Inc has a 52-week low of $214.10 and a 52-week high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.19. The business 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 revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts expect that L3Harris Technologies Inc will post 11.56 EPS for the current year.

L3Harris Technologies Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on LHX shares. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Vertical Research reiterated a “buy” rating and issued a $355.00 price objective on shares of L3Harris Technologies in a report on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Citigroup lifted their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Morgan Stanley lifted their price objective on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.