ARK Investment Management LLC Grows Holdings in L3Harris Technologies Inc $LHX

Key Points

• ARK Investment raised its stake in L3Harris by 45.9% during Q3, buying an additional 68,965 shares to own 219,294 shares worth about $66.98 million (roughly 0.12% of the company).
• Corporate moves — a management split to accelerate Missile Solutions with a new CFO, analyst upgrades that pushed LHX to a 12‑month high, and a raised quarterly dividend to $1.25 (annual $5.00, yield 1.4%) — have supported bullish sentiment.
• Insider selling has been notable: insiders disposed of 19,025 shares (~$6.82 million) in the past 90 days (including Jon Rambeau), though insiders still own about 0.72% of the company, which could temper sentiment.

ARK Investment Management LLC increased its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,294 shares of the company's stock after purchasing an additional 68,965 shares during the period. ARK Investment Management LLC owned 0.12% of L3Harris Technologies worth $66,975,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LHX. Vanguard Group Inc. boosted its stake in shares of L3Harris Technologies by 0.5% in the second quarter. Vanguard Group Inc. now owns 23,170,042 shares of the company's stock worth $5,811,973,000 after acquiring an additional 121,619 shares during the period. State Street Corp boosted its stake in L3Harris Technologies by 1.2% in the 2nd quarter. State Street Corp now owns 8,874,482 shares of the company's stock worth $2,226,075,000 after purchasing an additional 105,402 shares during the period. Geode Capital Management LLC grew its holdings in L3Harris Technologies by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,948,981 shares of the company's stock valued at $1,236,410,000 after buying an additional 38,820 shares in the last quarter. Boston Partners raised its position in shares of L3Harris Technologies by 72.1% during the second quarter. Boston Partners now owns 2,002,211 shares of the company's stock valued at $504,160,000 after buying an additional 838,546 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of L3Harris Technologies by 3.1% during the second quarter. Bank of America Corp DE now owns 1,728,519 shares of the company's stock valued at $433,582,000 after buying an additional 52,776 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Jon Rambeau sold 5,528 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the transaction, the insider owned 7,660 shares of the company's stock, valued at approximately $2,836,651.20. This trade represents a 41.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Melanie Rakita sold 751 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $278,110.32. Following the completion of the sale, the vice president owned 4,131 shares of the company's stock, valued at approximately $1,529,791.92. This represents a 15.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,025 shares of company stock valued at $6,824,370 in the last ninety days. Corporate insiders own 0.72% of the company's stock.

L3Harris Technologies News Roundup

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

• Positive Sentiment: Management split and CFO appointment positions Missile Solutions for faster scale-up and an eventual IPO — Kenneth Sharp will become CFO while Ken Bedingfield will focus full‑time on leading Missile Solutions and ramping solid‑rocket motor production to meet urgent demand, a clear strategic prioritization that can re‑rate the segment and unlock value. L3Harris Appoints Ken Sharp…
• Positive Sentiment: Analyst upgrade and price‑target increases helped push LHX to a new 12‑month high, validating momentum and likely attracting short‑term buyers and momentum flows. L3Harris Sets New 12-Month High…
• Positive Sentiment: Citi reiterates a missile/armaments “megatrend” and flags L3Harris as a beneficiary, supporting a longer‑term demand thesis for missile systems and interceptors which underpins higher revenue and capex visibility. Missile ‘megatrend' still underestimated…
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems to support SDA Tranche 3 spacecraft platforms — a contract/partnering win that supports the company’s space‑systems backlog and program diversity. Intuitive Machines Selected…
• Neutral Sentiment: Opinion coverage questions valuation after an ~81% one‑year run; useful for positioning but not new company‑specific fundamentals—signals some investors are debating whether upside is already priced in. Is It Too Late To Consider L3Harris…
• Negative Sentiment: Insider selling: multiple disclosed sales (Samir Mehta and Jon Rambeau each sold 5,528 shares; VP Melanie Rakita sold multiple tranches totaling ~3,129 shares). Large insider exits can weigh on sentiment even if sales are for personal/liquidity reasons. Insider Jon Rambeau Sells…
• Negative Sentiment: Additional filings detail Melanie Rakita’s earlier sale and larger reduction in her stake — repeated insider reductions may increase short‑term selling pressure or caution among some investors. Melanie Rakita Sells 751 Shares…

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $368.63 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The stock's fifty day moving average is $339.91 and its two-hundred day moving average is $304.55. L3Harris Technologies Inc has a 52 week low of $195.72 and a 52 week high of $379.23. The company has a market capitalization of $68.85 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.76 by $0.10. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.76 billion. L3Harris Technologies had a net margin of 7.35% and a return on equity of 10.43%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $3.47 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $1.25 per share. This is a boost from L3Harris Technologies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. L3Harris Technologies's dividend payout ratio is presently 56.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LHX. Wall Street Zen lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Susquehanna reaffirmed a "positive" rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. BNP Paribas Exane raised L3Harris Technologies to a "hold" rating in a report on Tuesday, November 18th. Citigroup raised their target price on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $328.57.

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.

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