Caprock Group LLC Has $2.71 Million Stake in L3Harris Technologies Inc $LHX

Caprock Group LLC boosted its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 91.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,225 shares of the company's stock after buying an additional 4,396 shares during the period. Caprock Group LLC's holdings in L3Harris Technologies were worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LHX. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $28,000. American National Bank & Trust boosted its stake in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company's stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $29,000. Triumph Capital Management acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $31,000. Finally, GGM Financials LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $32,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Down 3.9%

Shares of NYSE LHX opened at $317.38 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.02. L3Harris Technologies Inc has a 1 year low of $214.10 and a 1 year high of $379.23. The company has a 50 day simple moving average of $354.48 and a 200 day simple moving average of $322.72. The firm has a market cap of $59.28 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a net margin of 7.35% and a return on equity of 10.43%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the business earned $3.47 EPS. The company's revenue was up 2.3% compared to the same quarter last year. On average, research analysts forecast that L3Harris Technologies Inc will post 11.53 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.6%. L3Harris Technologies's dividend payout ratio (DPR) is presently 58.62%.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Jon Rambeau sold 5,528 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 7,660 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Samir Mehta sold 5,528 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the transaction, the insider owned 7,756 shares of the company's stock, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,025 shares of company stock worth $6,824,370. 0.68% of the stock is currently owned by insiders.

Key Headlines Impacting L3Harris Technologies

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

• Positive Sentiment: L3Harris closed a $1 billion strategic investment from the Department of War into its Missile Solutions business to expand facilities, R&D and production capacity — a material, high-quality win that strengthens backlog and cash support for growth. L3Harris Closes $1B Investment from Department of War in Missile Solutions Business
• Positive Sentiment: Short interest fell sharply in April (down ~15.9% to ~2.55M shares; short-interest ratio ~2.3 days and ~1.4% of float), reducing a source of downside pressure and suggesting fewer bearish bets against the stock.
• Positive Sentiment: The board declared a quarterly cash dividend of $1.25 per share (payable June 26; ex-dividend/record June 5) — a sign of capital return and income support for shareholders (annualized yield ≈1.5%). L3Harris Announces Quarterly Dividend
• Positive Sentiment: L3Harris plans an F‑35 sustainment depot in Quebec as Ottawa reviews fighter orders — another program-level win that could expand long-term sustainment revenue, though it depends on government procurement outcomes. L3Harris to establish F-35 sustainment depot in Quebec as Ottawa reviews fighter jets order
• Neutral Sentiment: Analyst previews expect LHX to post EPS growth and possibly beat next week, reflecting demand strength across communications and missile systems, which supports medium-term expectations. L3Harris (LHX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Neutral Sentiment: NYSE market notices and premarket coverage are running today (general market context rather than LHX-specific catalysts). NYSE Content Update: NYSE to Host 'Ring the Bell for Financial Literacy'
• Negative Sentiment: Outlook risk: Zacks notes that late-quarter production ramps could limit immediate revenue upside even if demand is solid — a timing/operational issue that can pressure near-term results and sentiment. L3Harris Technologies to Post Q1 Earnings: Here's What's in the Cards

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LHX shares. Sanford C. Bernstein restated an "outperform" rating on shares of L3Harris Technologies in a research note on Friday, February 6th. Citigroup raised their price target on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. UBS Group raised their price target on shares of L3Harris Technologies to $323.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Vertical Research restated a "buy" rating and issued a $355.00 price target on shares of L3Harris Technologies in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.55.

About L3Harris Technologies

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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