Conning Inc. Acquires 114,264 Shares of L3Harris Technologies Inc $LHX

Conning Inc. boosted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 9,716.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,440 shares of the company’s stock after purchasing an additional 114,264 shares during the quarter. L3Harris Technologies makes up approximately 1.2% of Conning Inc.’s holdings, making the stock its 16th biggest position. Conning Inc. owned 0.06% of L3Harris Technologies worth $35,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kiker Wealth Management LLC grew its stake in L3Harris Technologies by 137.0% during the second quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock valued at $27,000 after acquiring an additional 63 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of L3Harris Technologies during the second quarter valued at about $32,000. Independence Bank of Kentucky grew its position in shares of L3Harris Technologies by 44.4% during the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock valued at $33,000 after purchasing an additional 40 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of L3Harris Technologies in the second quarter worth about $34,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of L3Harris Technologies in the third quarter worth about $34,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies News Summary

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

• Positive Sentiment: DoW/Pentagon to invest $1 billion in L3Harris’ rocket-motor business, providing funding to expand capacity and secure supply for critical missiles — a direct government backstop that reduces production and contract risk for a strategically important unit. Reuters: Pentagon to invest $1 billion
• Positive Sentiment: Planned spin-off / IPO for Missile Solutions (convertible preferred to convert into common at IPO) could unlock standalone value, creating a clearer growth story and potentially higher combined valuation for LHX shareholders. Business Wire: Creation of a New Missile Solutions Company
• Positive Sentiment: Market reaction: shares jumped to record highs on the back of the announcement as analysts and investors priced in stronger backlog, government demand visibility, and faster capacity buildout. Investopedia: Record highs
• Neutral Sentiment: Legal and advisory steps are in motion (Vinson & Elkins advising) and L3Harris management highlights speed of execution; these are operational items that support the timeline but don’t guarantee financial outcomes. Yahoo Finance: Vinson & Elkins Advises
• Neutral Sentiment: Company transcripts and investor slides provide detail on capacity plans and timelines — useful for modeling but still contingent on final transaction and regulatory approvals. Seeking Alpha: Transcript
• Negative Sentiment: UBS and some analysts flag policy and valuation questions: conversion mechanics, potential dilution at IPO, and whether favorable government terms justify an elevated multiple for the remaining company. These are downside risks to current shareholders’ per‑share economics. MSN/coverage of UBS concerns
• Negative Sentiment: Political/ethical scrutiny risk: reports of congressional stockholders and media attention increase the chance of reputational or oversight headlines that could pressure sentiment. Benzinga: Congress members and trades

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of L3Harris Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings raised shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Vertical Research restated a “buy” rating and set a $355.00 target price on shares of L3Harris Technologies in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $315.73.

L3Harris Technologies Trading Up 0.4%

LHX stock opened at $342.71 on Thursday. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $361.59. The stock has a market capitalization of $64.10 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 2.13 and a beta of 0.66. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $293.45 and its two-hundred day simple moving average is $283.74.

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

Insider Activity

In other news, CEO Christopher E. Kubasik sold 14,171 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was 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 approximately $43,479,447.30. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Company 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.