Harel Insurance Investments & Financial Services Ltd. Sells 3,418 Shares of L3Harris Technologies Inc $LHX

Key Points

• Harel Insurance trimmed its stake in L3Harris by 12%, selling 3,418 shares and finishing the quarter with 25,182 shares valued at about $7.39 million.
• Insiders sold 21,205 shares (~$7.5M) in the last quarter — including Samir Mehta (5,528 shares at $370.32) and VP Melanie Rakita — leaving insiders with 0.68% ownership.
• The stock has a consensus rating of "Moderate Buy" with a $354.75 target; L3Harris recently beat Q earnings ($2.72 vs. $2.53 est.), reported +11.9% revenue growth, set FY2026 EPS guidance of 11.40–11.60, and declared a $1.25 quarterly dividend (1.7% yield).

Harel Insurance Investments & Financial Services Ltd. lessened its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,182 shares of the company's stock after selling 3,418 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in L3Harris Technologies were worth $7,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LHX. Burns J W & Co. Inc. NY boosted its stake in shares of L3Harris Technologies by 3.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company's stock worth $290,000 after buying an additional 30 shares during the last quarter. American National Bank & Trust boosted its stake in shares of L3Harris Technologies by 44.8% during the 4th quarter. American National Bank & Trust now owns 97 shares of the company's stock worth $28,000 after buying an additional 30 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its stake in shares of L3Harris Technologies by 3.7% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company's stock worth $253,000 after buying an additional 31 shares during the last quarter. Rainier Family Wealth Inc. boosted its stake in shares of L3Harris Technologies by 4.8% during the 4th quarter. Rainier Family Wealth Inc. now owns 700 shares of the company's stock worth $205,000 after buying an additional 32 shares during the last quarter. Finally, San Luis Wealth Advisors LLC boosted its stake in shares of L3Harris Technologies by 5.1% during the 4th quarter. San Luis Wealth Advisors LLC now owns 705 shares of the company's stock worth $207,000 after buying an additional 34 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wolfe Research restated an "outperform" rating on shares of L3Harris Technologies in a research note on Friday, January 30th. Royal Bank Of Canada upped their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a report on Friday, January 30th. Susquehanna reaffirmed a "positive" rating on shares of L3Harris Technologies in a report on Thursday, January 15th. UBS Group dropped their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Wall Street Zen raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $354.75.

Insider Activity

In other news, insider Samir Mehta sold 5,528 shares of L3Harris Technologies stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider owned 7,756 shares in the company, valued at approximately $2,872,201.92. This trade represents a 41.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the sale, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. This represents a 32.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,205 shares of company stock worth $7,501,151. Insiders own 0.68% of the company's stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $302.58 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $56.37 billion, a P/E ratio of 32.85, a P/E/G ratio of 1.56 and a beta of 0.51. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. The firm has a 50-day moving average price of $351.13 and a two-hundred day moving average price of $323.81.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company earned $2.41 EPS. The company's revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts anticipate that L3Harris Technologies Inc will post 11.54 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies's dividend payout ratio (DPR) is presently 54.29%.

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.

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