QRG Capital Management Inc. Has $11.27 Million Stock Position in L3Harris Technologies Inc $LHX

QRG Capital Management Inc. boosted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,397 shares of the company's stock after purchasing an additional 4,097 shares during the quarter. QRG Capital Management Inc.'s holdings in L3Harris Technologies were worth $11,272,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Caitlin John LLC bought a new stake in shares of L3Harris Technologies during the 3rd quarter worth approximately $28,000. American National Bank & Trust increased its stake in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company's stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. JPL Wealth Management LLC acquired a new position in L3Harris Technologies during the third quarter valued at approximately $29,000. Triumph Capital Management bought a new stake in L3Harris Technologies during the third quarter worth $31,000. Finally, GGM Financials LLC bought a new stake in L3Harris Technologies during the third quarter worth $32,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on LHX. Sanford C. Bernstein decreased their price target on L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a research note on Monday. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a research report on Friday, May 1st. Royal Bank Of Canada increased their target price on L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. Susquehanna restated a "positive" rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $354.75.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Jon Rambeau sold 5,528 shares of the company'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 directly owned 7,660 shares of the company's stock, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Melanie Rakita sold 2,180 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares of the company's stock, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,205 shares of company stock valued at $7,501,151. Corporate insiders own 0.68% of the company's stock.

L3Harris Technologies Price Performance

LHX stock opened at $302.58 on Wednesday. The company's fifty day simple moving average is $351.13 and its 200 day simple moving average is $323.81. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. 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 firm has a market cap of $56.37 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.56 and a beta of 0.51.

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

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies's dividend payout ratio is currently 54.29%.

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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