Waverly Advisors LLC Increases Holdings in L3Harris Technologies Inc $LHX

Waverly Advisors LLC grew its stake in L3Harris Technologies Inc (NYSE:LHX) by 13.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,701 shares of the company’s stock after acquiring an additional 2,368 shares during the quarter. Waverly Advisors LLC’s holdings in L3Harris Technologies were worth $6,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. Healthcare of Ontario Pension Plan Trust Fund grew its position in L3Harris Technologies by 3,062.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 233,831 shares of the company’s stock valued at $80,707,000 after purchasing an additional 226,437 shares during the last quarter. Gabelli Funds LLC raised its holdings in L3Harris Technologies by 1.6% in the first quarter. Gabelli Funds LLC now owns 95,690 shares of the company’s stock worth $33,027,000 after buying an additional 1,465 shares during the last quarter. Compound Planning Inc. raised its holdings in L3Harris Technologies by 10.5% in the first quarter. Compound Planning Inc. now owns 8,095 shares of the company’s stock worth $2,794,000 after buying an additional 766 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of L3Harris Technologies by 4.3% in the first quarter. Modern Wealth Management LLC now owns 1,397 shares of the company’s stock worth $495,000 after buying an additional 58 shares in the last quarter. Finally, Keebeck Wealth Management grew its holdings in shares of L3Harris Technologies by 18.2% during the first quarter. Keebeck Wealth Management now owns 1,653 shares of the company’s stock valued at $571,000 after buying an additional 254 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.

L3Harris Technologies Trading Up 1.2%

L3Harris Technologies stock opened at $303.74 on Tuesday. L3Harris Technologies Inc has a 52-week low of $267.25 and a 52-week high of $379.23. The company has a market cap of $56.58 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.52 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $299.22 and a two-hundred day simple moving average of $328.63.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion for 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 business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts predict that L3Harris Technologies Inc will post 11.54 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LHX shares. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Sanford C. Bernstein cut their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $361.70.

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.