Militia Capital Partners LP Buys Shares of 1,900 L3Harris Technologies Inc $LHX

Key Points

• Militia Capital Partners LP acquired 1,900 shares of L3Harris Technologies Inc, valued at approximately $398,000, in the first quarter.
• Institutional investors currently own 84.76% of L3Harris Technologies’ stock, with notable increases from companies like Nuveen LLC and GAMMA Investing LLC.
• L3Harris Technologies' stock recently saw a price target upgrade from multiple analysts, with an average consensus target price of $279.47 and a rating of "Moderate Buy."

Militia Capital Partners LP purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,900 shares of the company's stock, valued at approximately $398,000.

A number of other large investors have also added to or reduced their stakes in LHX. Brighton Jones LLC grew its holdings in L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after purchasing an additional 3,001 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in L3Harris Technologies by 21.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 7,077 shares of the company's stock valued at $1,488,000 after purchasing an additional 1,236 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in L3Harris Technologies during the 4th quarter valued at $232,000. Nuveen Asset Management LLC grew its holdings in L3Harris Technologies by 13.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,342,639 shares of the company's stock valued at $282,330,000 after purchasing an additional 157,992 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in L3Harris Technologies by 124.7% during the 4th quarter. NorthRock Partners LLC now owns 1,948 shares of the company's stock valued at $410,000 after purchasing an additional 1,081 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX traded up $2.56 during trading on Monday, reaching $281.76. 783,399 shares of the company's stock traded hands, compared to its average volume of 1,393,636. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $282.22. The company has a 50 day moving average of $271.08 and a 200-day moving average of $241.91. The stock has a market capitalization of $52.72 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.04 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.30. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, equities analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. L3Harris Technologies's payout ratio is presently 53.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LHX shares. Barclays raised their price target on shares of L3Harris Technologies from $255.00 to $305.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Robert W. Baird raised their price objective on shares of L3Harris Technologies from $274.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada raised their price objective on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Wall Street Zen raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, Truist Financial raised their price objective on shares of L3Harris Technologies from $279.00 to $302.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $279.47.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares of the company's stock, valued at $40,747,282.20. The trade was a 36.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 195,138 shares of company stock worth $53,571,774. Insiders own 0.72% of the company's stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.