Melanie Rakita Sells 2,180 Shares of L3Harris Technologies (NYSE:LHX) Stock

Key Points

• VP Melanie Rakita sold 2,180 L3Harris shares on May 5 under a Rule 10b5-1 plan at an average price of $310.45, netting about $676,781 and reducing her stake by 34.21% to 4,192 shares (~$1.30M).
• L3Harris beat the latest quarter with $2.72 EPS (vs. $2.53 est.) and $5.74B revenue, set FY2026 guidance of 11.40–11.60 EPS, and announced a $1.25 quarterly dividend (annualized $5.00, ~1.7% yield).
• The stock recently traded near $302.58 after a pullback, while analyst coverage rates the company a consensus "Moderate Buy" with an average price target of about $354.75.

L3Harris Technologies Inc (NYSE:LHX - Get Free Report) VP Melanie Rakita sold 2,180 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares of the company's stock, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Melanie Rakita also recently made the following trade(s):

• On Monday, March 2nd, Melanie Rakita sold 751 shares of L3Harris Technologies stock. The stock was sold at an average price of $370.32, for a total transaction of $278,110.32.
• On Thursday, February 26th, Melanie Rakita sold 2,378 shares of L3Harris Technologies stock. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10.

L3Harris Technologies Stock Performance

NYSE:LHX traded down $6.04 during trading hours on Tuesday, hitting $302.58. 2,078,649 shares of the company were exchanged, compared to its average volume of 1,523,344. The stock has a market capitalization of $56.52 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.59 and a beta of 0.51. L3Harris Technologies Inc has a 52-week low of $214.10 and a 52-week high of $379.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The company's 50 day moving average price is $352.19 and its 200-day moving average price is $323.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, research analysts forecast that L3Harris Technologies Inc will post 11.48 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. Shareholders of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies's payout ratio is currently 54.29%.

Institutional Trading of L3Harris Technologies

Several large investors have recently made changes to their positions in LHX. Brighton Jones LLC boosted its holdings in shares of L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after acquiring an additional 3,001 shares during the last quarter. Jump Financial LLC boosted its holdings in L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after buying an additional 388 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock worth $4,285,000 after buying an additional 2,130 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in L3Harris Technologies during the second quarter worth $856,000. Finally, CIBC Asset Management Inc boosted its holdings in L3Harris Technologies by 116.2% during the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock worth $15,549,000 after buying an additional 33,321 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on LHX shares. Argus raised shares of L3Harris Technologies to a "strong-buy" rating in a research report on Friday, February 27th. Citigroup boosted their target price on shares of L3Harris Technologies from $389.00 to $418.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Morgan Stanley upped their price objective on shares of L3Harris Technologies from $367.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. UBS Group dropped their price objective 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, Royal Bank Of Canada upped their price objective 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. Two investment 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 stock. According to data from MarketBeat, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $354.75.

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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