Hantz Financial Services Inc. Reduces Position in L3Harris Technologies Inc $LHX

Hantz Financial Services Inc. decreased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,457 shares of the company’s stock after selling 2,003 shares during the quarter. Hantz Financial Services Inc.’s holdings in L3Harris Technologies were worth $7,473,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Caitlin John LLC acquired a new position in L3Harris Technologies during the third quarter worth $28,000. American National Bank & Trust boosted its stake in L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after buying an additional 30 shares during the last quarter. JPL Wealth Management LLC acquired a new position in L3Harris Technologies during the third quarter worth $29,000. Lloyd Advisory Services LLC. acquired a new position in L3Harris Technologies during the fourth quarter worth $30,000. Finally, Triumph Capital Management acquired a new position in L3Harris Technologies during the third quarter worth $31,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $312.12 on Tuesday. L3Harris Technologies Inc has a 52 week low of $235.72 and a 52 week high of $379.23. The business’s fifty day simple moving average is $335.61 and its 200-day simple moving average is $325.46. The firm has a market cap of $58.15 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

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

L3Harris Technologies Dividend Announcement

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

Insider Activity

In related news, insider Samir Mehta sold 5,528 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider owned 7,756 shares in the company, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the sale, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. This represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,365 shares of company stock valued at $5,861,117 in the last quarter. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LHX. Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Citigroup boosted their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.75.

About L3Harris Technologies

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.