Community Trust & Investment Co. Has $18.28 Million Stock Holdings in L3Harris Technologies Inc $LHX

Community Trust & Investment Co. lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,841 shares of the company’s stock after selling 2,571 shares during the quarter. Community Trust & Investment Co.’s holdings in L3Harris Technologies were worth $18,276,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LHX. Brighton Jones LLC raised its stake in shares of L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after acquiring an additional 3,001 shares during the last quarter. Amundi increased its holdings in L3Harris Technologies by 33.9% during the 1st quarter. Amundi now owns 104,530 shares of the company’s stock valued at $21,945,000 after purchasing an additional 26,453 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in L3Harris Technologies by 3.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,750 shares of the company’s stock valued at $994,000 after purchasing an additional 164 shares during the last quarter. UniSuper Management Pty Ltd raised its position in L3Harris Technologies by 2.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 16,307 shares of the company’s stock valued at $3,413,000 after purchasing an additional 400 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in L3Harris Technologies in the first quarter worth $926,000. 84.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at $43,479,447.30. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LHX shares. BNP Paribas raised L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday, October 8th. Morgan Stanley increased their price target on shares of L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Wall Street Zen upgraded shares of L3Harris Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Susquehanna reaffirmed a “positive” rating on shares of L3Harris Technologies in a report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $299.93.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $311.47 on Tuesday. The firm has a fifty day moving average of $287.73 and a two-hundred day moving average of $279.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 1.14. The stock has a market capitalization of $58.26 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.91 and a beta of 0.66. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $315.06.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.10. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. As a group, equities research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 17th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 51.56%.

Trending Headlines about L3Harris Technologies

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

• Positive Sentiment: Sizable divestiture provides cash and strategic focus — L3Harris agreed to sell roughly a 60% stake in its Space Propulsion & Power business to AE Industrial Partners at an enterprise value of $845M, a deal that should free capital for higher-priority national-security programs and reduce exposure to lower-margin civil space segments. L3Harris sells 60% stake in space propulsion business for $845 million
• Positive Sentiment: Buyer is a sector specialist — AE Industrial (private equity focused on aerospace/defense) will take a controlling interest in the Rocketdyne-related assets, increasing likelihood the business will scale under active industry ownership while L3Harris retains strategic parts of its propulsion franchise. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business – “Rocketdyne”
• Positive Sentiment: Corporate reorganization aligns portfolio with defense demand — L3Harris collapsed four segments into three (Space & Mission Systems; Communications & Spectrum Dominance; Missile Solutions) to better match the “future of warfare” and management says this will sharpen execution and resource allocation. L3Harris Announces Reorganization of Its Businesses
• Positive Sentiment: Geopolitical tailwinds support defense demand — market commentary on U.S. operations in Venezuela and broader rearmament themes highlights stronger near-term demand for propulsion, munitions and missile-related systems in which LHX participates, lifting sentiment for primes and suppliers.
• Neutral Sentiment: Analyst sentiment remains constructive — brokers maintain a “Moderate Buy” consensus on LHX, supporting investor appetite but not signaling unanimous upside. L3Harris Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Timing and structure: closing is expected in H2 2026 and the $845M is an enterprise value (includes debt), so reported net proceeds and timing for redeployment will matter to investors once finalized. L3Harris to Sell Majority Stake in Space Propulsion & Power Business to AE Industrial Partners
• Negative Sentiment: Execution and approval risk — the transaction is subject to regulatory approvals and closing conditions; any delay or required divestiture adjustments could temper near-term upside.
• Negative Sentiment: Strategic trade-offs — selling majority of propulsion assets narrows L3Harris’ ownership of certain civil-space flows (the RS-25 engine business is excluded), which could limit long-term upside from commercial launch market recoveries even as defense exposure rises.

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.