Sen. Markwayne Mullin Purchases Shares of L3Harris Technologies Inc (NYSE:LHX)

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of L3Harris Technologies Inc NYSE: LHX. In a filing disclosed on June 11th, the Senator disclosed that they had bought between $15,001 and $50,000 in L3Harris Technologies stock on May 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of LPL Financial NASDAQ: LPLA on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Chevron NYSE: CVX on 5/13/2025.
• Purchased $50,001 - $100,000 in shares of Zoetis NYSE: ZTS on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of ConocoPhillips NYSE: COP on 5/13/2025.
• Purchased $15,001 - $50,000 in shares of Applied Materials NASDAQ: AMAT on 5/13/2025.
• Sold $500,001 - $1,000,000 in shares of SPDR S&P 500 ETF Trust NYSEARCA: SPY on 5/13/2025.

L3Harris Technologies Price Performance

NYSE:LHX traded down $5.38 during mid-day trading on Friday, reaching $267.84. The stock had a trading volume of 370,597 shares, compared to its average volume of 1,453,749. The stock has a 50-day simple moving average of $250.37 and a two-hundred day simple moving average of $225.17. The stock has a market capitalization of $50.07 billion, a PE ratio of 31.81, a P/E/G ratio of 2.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.85. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $280.03.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.30. The business had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.31 billion. L3Harris Technologies had a net margin of 7.55% and a return on equity of 12.38%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $3.24 earnings per share. On average, equities analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, September 5th. This represents a $4.80 annualized dividend and a dividend yield of 1.79%. L3Harris Technologies's dividend payout ratio is presently 56.94%.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and raised their target price for the company from $198.00 to $263.00 in a research report on Friday, April 11th. Wall Street Zen lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Susquehanna raised their target price on shares of L3Harris Technologies from $300.00 to $320.00 and gave the company a "positive" rating in a research report on Friday. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of L3Harris Technologies in a research report on Monday, July 14th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $268.29.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 2,000 shares of L3Harris Technologies stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $245.00, for a total transaction of $490,000.00. Following the completion of the transaction, the insider owned 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer owned 145,572 shares of the company's stock, valued at $36,171,730.56. This trade represents a 18.51% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On L3Harris Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC increased its stake in L3Harris Technologies by 2.7% in the second quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company's stock valued at $350,000 after purchasing an additional 37 shares in the last quarter. Independence Bank of Kentucky increased its stake in L3Harris Technologies by 44.4% in the second quarter. Independence Bank of Kentucky now owns 130 shares of the company's stock valued at $33,000 after purchasing an additional 40 shares in the last quarter. DB Fitzpatrick & Co Inc increased its stake in L3Harris Technologies by 1.0% in the second quarter. DB Fitzpatrick & Co Inc now owns 4,450 shares of the company's stock valued at $1,116,000 after purchasing an additional 42 shares in the last quarter. Norway Savings Bank increased its position in shares of L3Harris Technologies by 3.0% during the second quarter. Norway Savings Bank now owns 1,490 shares of the company's stock worth $374,000 after acquiring an additional 44 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of L3Harris Technologies by 3.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,253 shares of the company's stock worth $314,000 after acquiring an additional 45 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About L3Harris Technologies

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.