SGL Investment Advisors Inc. Sells 2,684 Shares of L3Harris Technologies Inc $LHX

SGL Investment Advisors Inc. trimmed its position in L3Harris Technologies Inc (NYSE:LHX) by 16.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,160 shares of the company’s stock after selling 2,684 shares during the quarter. L3Harris Technologies makes up about 1.5% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. SGL Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $3,863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in L3Harris Technologies by 0.8% in 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 during the last quarter. Bank of America Corp DE boosted its position in L3Harris Technologies by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 1,728,519 shares of the company’s stock valued at $433,582,000 after buying an additional 52,776 shares during the last quarter. Capital Research Global Investors boosted its position in L3Harris Technologies by 23.3% in the 3rd quarter. Capital Research Global Investors now owns 1,657,085 shares of the company’s stock valued at $506,090,000 after buying an additional 312,846 shares during the last quarter. AGF Management Ltd. boosted its position in L3Harris Technologies by 15.9% in the 3rd quarter. AGF Management Ltd. now owns 1,500,887 shares of the company’s stock valued at $458,386,000 after buying an additional 205,479 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in L3Harris Technologies by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,440,599 shares of the company’s stock valued at $439,920,000 after buying an additional 35,951 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on LHX. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Morgan Stanley increased their price target on L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. Two 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 stock. According to data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Stock Performance

LHX opened at $312.12 on Friday. The business’s 50-day moving average price is $336.51 and its two-hundred day moving average price is $325.05. L3Harris Technologies Inc has a 1 year low of $235.72 and a 1 year high of $379.23. The company has a market capitalization of $58.15 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.55 and a beta of 0.51. 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 released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the business posted $2.41 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Equities analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Samir Mehta sold 5,528 shares of L3Harris Technologies 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 sale, the insider owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,365 shares of company stock valued at $5,861,117 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

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.