Horrell Capital Management Inc. Has $7.71 Million Stock Position in L3Harris Technologies Inc $LHX

Horrell Capital Management Inc. trimmed its stake in L3Harris Technologies Inc (NYSE:LHX) by 8.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,337 shares of the company’s stock after selling 1,993 shares during the period. L3Harris Technologies accounts for approximately 3.5% of Horrell Capital Management Inc.’s holdings, making the stock its 10th largest position. Horrell Capital Management Inc.’s holdings in L3Harris Technologies were worth $7,710,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allstate Corp grew its position in shares of L3Harris Technologies by 106.7% during the fourth quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after purchasing an additional 7,219 shares in the last quarter. Jain Global LLC lifted its holdings in L3Harris Technologies by 469.1% in the 3rd quarter. Jain Global LLC now owns 45,861 shares of the company’s stock worth $14,006,000 after purchasing an additional 37,803 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in L3Harris Technologies in the 4th quarter worth approximately $907,000. Atria Investments Inc grew its holdings in L3Harris Technologies by 77.9% during the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock valued at $4,345,000 after buying an additional 6,482 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in L3Harris Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company’s stock valued at $6,872,710,000 after buying an additional 190,955 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Down 1.4%

Shares of NYSE LHX opened at $289.44 on Friday. The firm’s 50-day moving average price is $303.58 and its 200-day moving average price is $329.52. 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 stock has a market capitalization of $53.92 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.48 and a beta of 0.51. L3Harris Technologies Inc has a 12-month low of $256.51 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS 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 company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business posted $2.41 earnings per share. The firm’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. On average, equities research analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $1.25 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is 54.29%.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

LHX has been the topic of several research analyst reports. UBS Group lowered their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Sanford C. Bernstein dropped their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two 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.com, the stock presently has an average 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.