Dimensional Fund Advisors LP Sells 3,306 Shares of L3Harris Technologies Inc $LHX

Dimensional Fund Advisors LP lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 0.2% in the first quarter, HoldingsChannel reports. The fund owned 1,443,584 shares of the company’s stock after selling 3,306 shares during the period. Dimensional Fund Advisors LP’s holdings in L3Harris Technologies were worth $498,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LHX. Cedar Mountain Advisors LLC grew its stake in shares of L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies during the fourth quarter worth approximately $25,000. Tower View Wealth Management LLC bought a new stake in L3Harris Technologies in the 1st quarter valued at $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of L3Harris Technologies in the fourth quarter valued at about $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. Institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LHX shares. UBS Group dropped their target price 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. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Stock Performance

NYSE LHX opened at $280.69 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The company has a 50-day simple moving average of $300.61 and a 200 day simple moving average of $328.99. L3Harris Technologies Inc has a 52-week low of $260.22 and a 52-week high of $379.23. The company has a market capitalization of $52.29 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, research analysts predict that L3Harris Technologies Inc will post 11.53 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by corporate insiders.

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.