L3Harris Technologies Inc $LHX Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its stake in L3Harris Technologies Inc (NYSE:LHX) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,249 shares of the company’s stock after selling 1,857 shares during the period. Lido Advisors LLC owned about 0.06% of L3Harris Technologies worth $38,053,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming grew its holdings in L3Harris Technologies by 144.9% during the 1st quarter. State of Wyoming now owns 933 shares of the company’s stock worth $322,000 after acquiring an additional 552 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of L3Harris Technologies in the 1st quarter valued at about $1,532,000. Signature Equity Partners LLC raised its stake in shares of L3Harris Technologies by 2.3% in the 1st quarter. Signature Equity Partners LLC now owns 1,863 shares of the company’s stock valued at $643,000 after purchasing an additional 41 shares in the last quarter. CI Investments Inc. lifted its position in shares of L3Harris Technologies by 147.3% during the first quarter. CI Investments Inc. now owns 29,973 shares of the company’s stock worth $10,345,000 after purchasing an additional 17,855 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC grew its stake in L3Harris Technologies by 32.7% in the first quarter. Marin Bay Wealth Advisors LLC now owns 2,195 shares of the company’s stock worth $758,000 after purchasing an additional 541 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LHX shares. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. UBS Group reduced their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Trading Up 2.6%

NYSE LHX opened at $285.03 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. L3Harris Technologies Inc has a one year low of $262.98 and a one year high of $379.23. The company has a 50-day simple moving average of $299.58 and a 200-day simple moving average of $328.82. The firm has a market capitalization of $53.10 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.41 earnings per share. L3Harris Technologies’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. On average, equities analysts forecast that L3Harris Technologies Inc will post 11.54 earnings per share for the current year.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

L3Harris Technologies Company 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.