Prospera Financial Services Inc Has $17.53 Million Stake in L3Harris Technologies Inc $LHX

Prospera Financial Services Inc reduced its position in L3Harris Technologies Inc (NYSE:LHX) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,678 shares of the company’s stock after selling 2,985 shares during the quarter. Prospera Financial Services Inc’s holdings in L3Harris Technologies were worth $17,525,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Korea Investment CORP increased its holdings in L3Harris Technologies by 11.2% in the 3rd quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock valued at $46,901,000 after buying an additional 15,408 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in L3Harris Technologies by 13.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock valued at $9,230,000 after buying an additional 3,532 shares during the period. Crystal Rock Capital Management bought a new stake in shares of L3Harris Technologies during the 3rd quarter valued at approximately $1,993,000. Neo Ivy Capital Management acquired a new position in L3Harris Technologies during the 3rd quarter worth approximately $1,203,000. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in L3Harris Technologies during the 3rd quarter worth approximately $72,446,000. 84.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the sale, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Rambeau sold 5,528 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. The trade was a 41.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,365 shares of company stock valued at $5,861,117 in the last ninety days. 0.68% of the stock is currently owned by insiders.

L3Harris Technologies Price Performance

LHX stock opened at $312.12 on Friday. L3Harris Technologies Inc has a 1 year low of $235.72 and a 1 year 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 stock has a market cap of $58.15 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.58 and a beta of 0.51. The company has a 50 day simple moving average of $336.51 and a 200 day simple moving average of $325.05.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the firm posted $2.41 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

Analysts Set New Price Targets

LHX has been the subject of a number of research analyst reports. Citigroup upped their price objective 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. Wolfe Research reiterated an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, January 30th. UBS Group lowered their price objective on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.75.

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.