Martingale Asset Management L P Purchases 2,054 Shares of L3Harris Technologies Inc $LHX

Martingale Asset Management L P increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 55,886 shares of the company’s stock after purchasing an additional 2,054 shares during the period. Martingale Asset Management L P’s holdings in L3Harris Technologies were worth $16,406,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new stake in L3Harris Technologies during the 4th quarter worth about $25,000. Caitlin John LLC purchased a new stake in L3Harris Technologies during the 3rd quarter worth about $28,000. American National Bank & Trust lifted its holdings in L3Harris Technologies by 44.8% during the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in L3Harris Technologies during the 3rd quarter worth about $29,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in L3Harris Technologies during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $307.60 on Friday. The stock has a market cap of $57.30 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.58 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 1-year low of $243.84 and a 1-year high of $379.23. The stock’s 50-day moving average is $322.93 and its 200 day moving average is $327.13.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Insider Buying and Selling at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated 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 trade represents a 34.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LHX shares. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group lowered their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Sanford C. Bernstein lowered their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Argus raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings raised 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 assigned a Hold rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $354.75.

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.