First Horizon Corp Lowers Stock Holdings in L3Harris Technologies Inc $LHX

First Horizon Corp trimmed its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,723 shares of the company’s stock after selling 1,872 shares during the period. First Horizon Corp’s holdings in L3Harris Technologies were worth $11,294,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter worth about $25,000. American National Bank & Trust lifted its holdings in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after buying an additional 30 shares during the period. Finally, Abound Financial LLC purchased a new position in shares of L3Harris Technologies in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on LHX shares. UBS Group lowered their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein dropped their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two equities research 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 company. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $289.44 on Friday. The company has a market capitalization of $53.92 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.48 and a beta of 0.51. L3Harris Technologies Inc has a 1-year low of $256.51 and a 1-year high of $379.23. The firm’s 50 day simple moving average is $303.58 and its two-hundred day simple moving average is $329.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89.

L3Harris Technologies (NYSE:LHX) last announced 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. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

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.