Rokos Capital Management LLP Takes $59.61 Million Position in L3Harris Technologies Inc $LHX

Key Points

• Rokos Capital Management purchased 172,704 shares of L3Harris Technologies worth approximately $59.6 million, making the defense contractor its 24th-largest holding and representing about 0.09% of L3Harris.
• L3Harris reported quarterly EPS of $2.72, exceeding estimates of $2.53, while revenue reached $5.74 billion and rose 11.9% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.40–$11.60.
• Shares recently traded around $303.74, while analysts maintained a consensus “Moderate Buy” rating with a $361.70 price target; the company also declared a quarterly dividend of $1.25 per share, yielding approximately 1.6% annually.

Rokos Capital Management LLP purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 172,704 shares of the company's stock, valued at approximately $59,611,000. L3Harris Technologies accounts for approximately 0.5% of Rokos Capital Management LLP's investment portfolio, making the stock its 24th largest holding. Rokos Capital Management LLP owned approximately 0.09% of L3Harris Technologies at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies during the 4th quarter valued at $25,000. American National Bank & Trust grew its position in 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 acquiring an additional 30 shares during the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock worth $28,000 after purchasing an additional 74 shares during the period. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Up 1.2%

Shares of NYSE LHX opened at $303.74 on Tuesday. L3Harris Technologies Inc has a twelve month low of $267.25 and a twelve month high of $379.23. The firm has a market cap of $56.58 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.51. The business has a fifty day simple moving average of $299.22 and a two-hundred day simple moving average of $328.63. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. The business 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 business's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts expect that L3Harris Technologies Inc will post 11.54 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies's dividend payout ratio (DPR) is 54.29%.

Insider Buying and Selling

In other news, VP Melanie Rakita sold 2,180 shares of the business's stock in a transaction dated 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 owned 4,192 shares in the company, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LHX shares. Wall Street Zen upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. UBS Group cut their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday, May 1st. Truist Financial raised shares of L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Finally, Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $361.70.

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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