First Financial Bankshares Inc Increases Holdings in L3Harris Technologies Inc $LHX

First Financial Bankshares Inc lifted its position in L3Harris Technologies Inc (NYSE:LHX) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,952 shares of the company’s stock after purchasing an additional 3,264 shares during the period. First Financial Bankshares Inc’s holdings in L3Harris Technologies were worth $49,893,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $25,000. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies in the third quarter valued at approximately $28,000. American National Bank & Trust boosted its holdings in shares of L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after purchasing an additional 30 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of L3Harris Technologies in the third quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in L3Harris Technologies during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group cut their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Sanford C. Bernstein cut their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two investment 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.75.

L3Harris Technologies Stock Up 3.0%

L3Harris Technologies stock opened at $312.01 on Friday. The business has a fifty day moving average of $323.86 and a two-hundred day moving average of $327.27. 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 firm has a market cap of $58.12 billion, a P/E ratio of 33.88, a P/E/G ratio of 1.53 and a beta of 0.50. L3Harris Technologies Inc has a twelve month low of $243.84 and a twelve month high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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 issued a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio is currently 54.29%.

Insider Activity

In other news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction 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 directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

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.