L3Harris Technologies Inc $LHX Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lowered its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,157 shares of the company’s stock after selling 6,160 shares during the period. L3Harris Technologies accounts for 0.9% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 23rd largest holding. UNIVEST FINANCIAL Corp’s holdings in L3Harris Technologies were worth $15,319,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LHX. Parkside Financial Bank & Trust boosted its stake in shares of L3Harris Technologies by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 718 shares of the company’s stock worth $219,000 after buying an additional 64 shares during the period. iA Global Asset Management Inc. acquired a new stake in L3Harris Technologies during the 3rd quarter worth approximately $790,000. Naples Global Advisors LLC grew its stake in shares of L3Harris Technologies by 0.7% in the 3rd quarter. Naples Global Advisors LLC now owns 7,078 shares of the company’s stock valued at $2,162,000 after purchasing an additional 52 shares during the last quarter. Wealth Dimensions Group Ltd. acquired a new position in shares of L3Harris Technologies in the third quarter valued at approximately $223,000. Finally, Covenant Asset Management LLC raised its position in L3Harris Technologies by 1.4% during the 3rd quarter. Covenant Asset Management LLC now owns 3,902 shares of the company’s stock worth $1,192,000 after buying an additional 52 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LHX. Morgan Stanley raised their price target on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Truist Financial set a $364.00 price objective on shares of L3Harris Technologies in a research note on Wednesday, January 14th. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Monday, January 12th. Finally, Vertical Research reiterated a “buy” rating and set a $355.00 target price on shares of L3Harris Technologies in a research report on Tuesday, January 13th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $315.73.

L3Harris Technologies Stock Up 2.1%

LHX opened at $355.17 on Friday. L3Harris Technologies Inc has a 1 year low of $193.09 and a 1 year high of $361.59. The firm has a 50 day moving average price of $299.75 and a 200 day moving average price of $287.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 1.14. The company has a market cap of $66.43 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.10. L3Harris Technologies had a net margin of 8.09% and a return on equity of 11.08%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm earned $3.34 earnings per share. L3Harris Technologies’s revenue for the quarter was up 6.9% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Sell-side analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the transaction, the chief executive officer directly owned 144,426 shares of the company’s stock, valued at $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

L3Harris Technologies 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.