Teacher Retirement System of Texas Raises Stake in L3Harris Technologies Inc $LHX

Key Points

• Teacher Retirement System of Texas raised its stake in L3Harris by 34.8% to 39,142 shares (about $11.49M), while other institutions (Victory Capital, Two Sigma, M&T Bank, Artisan, Balyasny) also made large purchases, leaving institutional investors with roughly 84.76% ownership.
• Insiders sold stock: Jon Rambeau and Samir Mehta each sold 5,528 shares at $370.32 on March 2 (reducing their holdings by ~42%), and insiders disposed of 19,025 shares worth $6.82M over the past 90 days, now owning 0.68% of the company.
• Dividend and results: L3Harris declared a $1.25 quarterly dividend (annualized $5.00, ~1.6% yield, payable June 26) and reported Q earnings of $2.86 EPS (beating $2.76) with revenue slightly under estimates; analysts maintain a consensus "Moderate Buy" and a ~$349.55 price target.

Teacher Retirement System of Texas raised its position in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,142 shares of the company's stock after acquiring an additional 10,104 shares during the quarter. Teacher Retirement System of Texas' holdings in L3Harris Technologies were worth $11,491,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LHX. Victory Capital Management Inc. lifted its position in shares of L3Harris Technologies by 1,053.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company's stock worth $360,964,000 after buying an additional 1,079,474 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in L3Harris Technologies in the 3rd quarter valued at $211,703,000. Two Sigma Investments LP increased its stake in L3Harris Technologies by 560.7% in the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company's stock valued at $187,609,000 after buying an additional 521,312 shares during the period. M&T Bank Corp increased its stake in L3Harris Technologies by 3,127.8% in the 4th quarter. M&T Bank Corp now owns 408,740 shares of the company's stock valued at $119,994,000 after buying an additional 396,077 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in L3Harris Technologies by 42.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,101,285 shares of the company's stock valued at $336,343,000 after buying an additional 325,963 shares during the period. Hedge funds and other 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 stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the sale, the insider owned 7,660 shares of the company's stock, valued at $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samir Mehta sold 5,528 shares of the 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 sale, the insider directly owned 7,756 shares of the company's stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,025 shares of company stock valued at $6,824,370 over the last 90 days. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Down 3.9%

LHX opened at $317.38 on Friday. The firm has a 50 day moving average price of $354.48 and a 200 day moving average price of $322.72. The company 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 Inc has a 1 year low of $214.10 and a 1 year high of $379.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $3.47 earnings per share. L3Harris Technologies's revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts expect that L3Harris Technologies Inc will post 11.53 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a $1.25 dividend. The ex-dividend date of this dividend 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 58.62%.

Wall Street Analysts Forecast Growth

LHX has been the topic of several research analyst reports. TD Cowen restated a "buy" rating on shares of L3Harris Technologies in a research report on Monday, January 5th. UBS Group boosted their price objective on shares of L3Harris Technologies to $323.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 14th. Vertical Research restated a "buy" rating and issued a $355.00 target price on shares of L3Harris Technologies in a report on Tuesday, January 13th. Argus upgraded shares of L3Harris Technologies to a "strong-buy" rating in a report on Friday, February 27th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of L3Harris Technologies in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $349.55.

L3Harris Technologies News Summary

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

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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