Free Trial

Rep. Gilbert Ray Cisneros, Jr. Buys L3Harris Technologies Inc (NYSE:LHX) Stock

L3Harris Technologies logo with Aerospace background

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of L3Harris Technologies Inc (NYSE:LHX). In a filing disclosed on June 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in L3Harris Technologies stock on May 30th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

  • Sold $15,001 - $50,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/1/2025.
  • Purchased $1,001 - $15,000 in shares of AppLovin NASDAQ: APP on 7/1/2025.
  • Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 6/30/2025.
  • Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 6/30/2025.
  • Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 6/27/2025.
  • Purchased $1,001 - $15,000 in shares of Xiaomi OTCMKTS: XIACF on 6/27/2025.
  • Sold $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 6/27/2025.
  • Sold $1,001 - $15,000 in shares of Willis Towers Watson Public NASDAQ: WTW on 6/26/2025.
  • Sold $1,001 - $15,000 in shares of Boston Scientific NYSE: BSX on 6/26/2025.
  • Sold $1,001 - $15,000 in shares of Liberty Media Corporation - Liberty Formula One Series C NASDAQ: FWONK on 6/26/2025.

L3Harris Technologies Trading Up 0.2%

LHX stock traded up $0.56 during mid-day trading on Monday, reaching $265.33. The company had a trading volume of 176,636 shares, compared to its average volume of 1,163,033. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.85. The company has a market capitalization of $49.60 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 2.06 and a beta of 0.75. The firm has a 50 day moving average of $246.64 and a 200 day moving average of $223.73. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $267.73.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.09. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.29 billion. L3Harris Technologies had a net margin of 7.55% and a return on equity of 12.38%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $3.06 earnings per share. On average, equities analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, September 5th. L3Harris Technologies's payout ratio is currently 56.94%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LHX shares. Wells Fargo & Company decreased their price target on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup reaffirmed a "buy" rating and set a $300.00 price objective (up previously from $280.00) on shares of L3Harris Technologies in a research note on Monday, July 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a research note on Monday, July 14th. The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and upped their price objective for the stock from $198.00 to $263.00 in a report on Friday, April 11th. Finally, UBS Group upped their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $263.81.

Get Our Latest Stock Report on LHX

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in L3Harris Technologies by 24.3% during the 4th quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock worth $4,150,000 after acquiring an additional 3,852 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in L3Harris Technologies by 5.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,425 shares of the company's stock worth $926,000 after acquiring an additional 216 shares in the last quarter. Van ECK Associates Corp grew its holdings in L3Harris Technologies by 1,015.9% during the 4th quarter. Van ECK Associates Corp now owns 13,224 shares of the company's stock worth $2,781,000 after acquiring an additional 12,039 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in L3Harris Technologies by 131.7% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 7,755 shares of the company's stock worth $1,631,000 after acquiring an additional 4,408 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in L3Harris Technologies by 11.8% during the 4th quarter. Yousif Capital Management LLC now owns 25,063 shares of the company's stock worth $5,270,000 after acquiring an additional 2,637 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 33,061 shares of L3Harris Technologies stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $248.48, for a total value of $8,214,997.28. Following the completion of the transaction, the chief executive officer directly owned 145,572 shares of the company's stock, valued at approximately $36,171,730.56. The trade was a 18.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Zoiss sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total value of $490,000.00. Following the transaction, the insider directly owned 25,325 shares of the company's stock, valued at $6,204,625. This trade represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About L3Harris Technologies

(Get Free Report)

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in L3Harris Technologies Right Now?

Before you consider L3Harris Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and L3Harris Technologies wasn't on the list.

While L3Harris Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines