HB Wealth Management LLC Increases Stock Holdings in L3Harris Technologies Inc $LHX

HB Wealth Management LLC boosted its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,463 shares of the company’s stock after buying an additional 1,979 shares during the period. HB Wealth Management LLC’s holdings in L3Harris Technologies were worth $3,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LHX. Nova Wealth Management Inc. purchased a new stake in shares of L3Harris Technologies in the first quarter valued at $26,000. Kiker Wealth Management LLC grew its holdings in L3Harris Technologies by 137.0% during the 2nd quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock valued at $27,000 after purchasing an additional 63 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in L3Harris Technologies during the 2nd quarter valued at about $32,000. Independence Bank of Kentucky raised its position in L3Harris Technologies by 44.4% in the 2nd quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after purchasing an additional 40 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in L3Harris Technologies in the second quarter worth about $34,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on LHX. Cowen reiterated a “buy” rating on shares of L3Harris Technologies in a report on Monday. Citigroup started coverage on L3Harris Technologies in a research report on Thursday, December 11th. They issued a “buy” rating and a $331.00 price objective on the stock. BNP Paribas Exane began coverage on L3Harris Technologies in a research report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley raised their price target on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $302.29.

L3Harris Technologies Price Performance

Shares of LHX stock opened at $336.07 on Friday. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $338.23. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $290.29 and a two-hundred day simple moving average of $281.53. The stock has a market capitalization of $62.86 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 2.04 and a beta of 0.66.

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

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were paid a dividend of $1.20 per share. The ex-dividend date was Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 51.56%.

Insider Transactions at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total value of $4,266,179.55. Following the completion of the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at $43,479,447.30. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by 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.