Rep. Richard McCormick Sells Off Shares of L3Harris Technologies Inc (NYSE:LHX)

Key Points

• Representative Richard McCormick sold shares of L3Harris Technologies Inc between $1,001 and $15,000, with the transaction recorded on September 18th.
• L3Harris reported a quarterly earnings per share (EPS) of $2.78, exceeding the consensus estimate by $0.30, and has set fiscal year guidance of 10.400-10.600 EPS for 2025.
• The company declared a quarterly dividend of $1.20 per share, which indicates an annualized dividend yield of 1.6%.

Representative Richard McCormick (R-Georgia) recently sold shares of L3Harris Technologies Inc NYSE: LHX. In a filing disclosed on October 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in L3Harris Technologies stock on September 18th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/18/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 9/18/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 9/18/2025.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $298.11 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market capitalization of $55.78 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.76. The company's 50 day moving average price is $281.45 and its two-hundred day moving average price is $252.11. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $308.12.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.48 by $0.30. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. L3Harris Technologies's dividend payout ratio (DPR) is currently 53.63%.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares of the company's stock, valued at approximately $40,747,282.20. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 195,138 shares of company stock valued at $53,571,774 over the last three months. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of L3Harris Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC bought a new position in shares of L3Harris Technologies in the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in shares of L3Harris Technologies in the first quarter valued at $26,000. Beacon Capital Management LLC grew its stake in shares of L3Harris Technologies by 79.5% in the first quarter. Beacon Capital Management LLC now owns 131 shares of the company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. Kiker Wealth Management LLC grew its stake in shares of L3Harris Technologies by 137.0% in the second quarter. Kiker Wealth Management LLC now owns 109 shares of the company's stock valued at $27,000 after buying an additional 63 shares in the last quarter. Finally, Harbor Asset Planning Inc. bought a new position in shares of L3Harris Technologies in the second quarter valued at $32,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of L3Harris Technologies in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Susquehanna raised their target price on shares of L3Harris Technologies from $300.00 to $320.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Finally, Citigroup raised their price target on shares of L3Harris Technologies from $300.00 to $323.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $278.19.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

L3Harris Technologies Company Profile

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.

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