Dynasty Wealth Management LLC Invests $2.06 Million in L3Harris Technologies Inc $LHX

Dynasty Wealth Management LLC acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,735 shares of the company’s stock, valued at approximately $2,057,000.

Several other large investors have also bought and sold shares of LHX. First Horizon Corp acquired a new stake in shares of L3Harris Technologies during the third quarter worth $10,667,000. Gold Investment Management Ltd. boosted its position in L3Harris Technologies by 108.4% during the second quarter. Gold Investment Management Ltd. now owns 1,738 shares of the company’s stock valued at $437,000 after acquiring an additional 904 shares during the last quarter. BankPlus Trust Department grew its holdings in L3Harris Technologies by 6.9% during the 2nd quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock worth $1,468,000 after acquiring an additional 379 shares during the period. Janney Montgomery Scott LLC raised its position in shares of L3Harris Technologies by 20.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 193,381 shares of the company’s stock worth $48,508,000 after acquiring an additional 33,019 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of L3Harris Technologies by 32.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 21,324 shares of the company’s stock valued at $6,513,000 after purchasing an additional 5,239 shares during the period. 84.76% of the stock is owned by institutional investors.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the business’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 completion of the sale, the chief executive officer directly owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LHX shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of L3Harris Technologies in a research note on Monday, January 12th. Citigroup increased their price target on L3Harris Technologies from $331.00 to $389.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Truist Financial set a $364.00 price objective on shares of L3Harris Technologies in a research note on Wednesday, January 14th. UBS Group boosted their target price on shares of L3Harris Technologies to $323.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, BNP Paribas Exane assumed coverage on shares of L3Harris Technologies in a report on Tuesday, November 18th. They issued a “neutral” rating and a $290.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.73.

L3Harris Technologies Stock Performance

NYSE LHX opened at $346.74 on Tuesday. The company has a fifty day simple moving average of $296.67 and a 200 day simple moving average of $285.87. L3Harris Technologies Inc has a 12-month low of $193.09 and a 12-month high of $361.59. 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 company has a market cap of $64.86 billion, a P/E ratio of 37.24, a PEG ratio of 2.15 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, topping the consensus estimate of $2.60 by $0.10. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate 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 in the prior year, the company posted $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Sell-side analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

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.