L3Harris Technologies Inc $LHX Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,142 shares of the company’s stock after buying an additional 10,104 shares during the quarter. Teacher Retirement System of Texas’ holdings in L3Harris Technologies were worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Burns J W & Co. Inc. NY grew its position in shares of L3Harris Technologies by 3.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock worth $290,000 after buying an additional 30 shares in the last quarter. American National Bank & Trust grew its position in shares of L3Harris Technologies by 44.8% during 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 in the last quarter. Rainier Family Wealth Inc. grew its position in shares of L3Harris Technologies by 4.8% during the fourth quarter. Rainier Family Wealth Inc. now owns 700 shares of the company’s stock worth $205,000 after buying an additional 32 shares in the last quarter. San Luis Wealth Advisors LLC grew its position in shares of L3Harris Technologies by 5.1% during the fourth quarter. San Luis Wealth Advisors LLC now owns 705 shares of the company’s stock worth $207,000 after buying an additional 34 shares in the last quarter. Finally, Wealth Quarterback LLC grew its position in shares of L3Harris Technologies by 1.8% during the fourth quarter. Wealth Quarterback LLC now owns 2,011 shares of the company’s stock worth $590,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX opened at $317.38 on Friday. The business’s fifty day moving average price is $354.48 and its 200 day moving average price is $322.72. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. The stock has a market capitalization of $59.28 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.02.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The firm had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business posted $3.47 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that L3Harris Technologies Inc will post 11.53 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 58.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Vertical Research reissued a “buy” rating and set a $355.00 price target on shares of L3Harris Technologies in a research report on Tuesday, January 13th. Wolfe Research restated an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, February 6th. Finally, TD Cowen restated a “buy” rating on shares of L3Harris Technologies in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $349.55.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Jon Rambeau sold 5,528 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 7,660 shares in the company, valued at approximately $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Samir Mehta sold 5,528 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the sale, the insider owned 7,756 shares in the company, valued at $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,025 shares of company stock worth $6,824,370. 0.68% of the stock is owned by insiders.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris closed a $1 billion strategic investment from the Department of War into its Missile Solutions business to expand facilities, R&D and production capacity — a material, high-quality win that strengthens backlog and cash support for growth. L3Harris Closes $1B Investment from Department of War in Missile Solutions Business
• Positive Sentiment: Short interest fell sharply in April (down ~15.9% to ~2.55M shares; short-interest ratio ~2.3 days and ~1.4% of float), reducing a source of downside pressure and suggesting fewer bearish bets against the stock.
• Positive Sentiment: The board declared a quarterly cash dividend of $1.25 per share (payable June 26; ex-dividend/record June 5) — a sign of capital return and income support for shareholders (annualized yield ?1.5%). L3Harris Announces Quarterly Dividend
• Positive Sentiment: L3Harris plans an F?35 sustainment depot in Quebec as Ottawa reviews fighter orders — another program-level win that could expand long-term sustainment revenue, though it depends on government procurement outcomes. L3Harris to establish F-35 sustainment depot in Quebec as Ottawa reviews fighter jets order
• Neutral Sentiment: Analyst previews expect LHX to post EPS growth and possibly beat next week, reflecting demand strength across communications and missile systems, which supports medium-term expectations. L3Harris (LHX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: NYSE market notices and premarket coverage are running today (general market context rather than LHX-specific catalysts). NYSE Content Update: NYSE to Host ‘Ring the Bell for Financial Literacy’
• Negative Sentiment: Outlook risk: Zacks notes that late-quarter production ramps could limit immediate revenue upside even if demand is solid — a timing/operational issue that can pressure near-term results and sentiment. L3Harris Technologies to Post Q1 Earnings: Here’s What’s in the Cards

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.