Kingsview Wealth Management LLC Has $2.24 Million Position in L3Harris Technologies Inc $LHX

Kingsview Wealth Management LLC lifted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 59.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,332 shares of the company’s stock after buying an additional 2,743 shares during the period. Kingsview Wealth Management LLC’s holdings in L3Harris Technologies were worth $2,239,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Horizon Corp acquired a new stake in shares of L3Harris Technologies during the 3rd quarter valued at $10,667,000. Merit Financial Group LLC raised its holdings in shares of L3Harris Technologies by 55.9% during the third quarter. Merit Financial Group LLC now owns 9,989 shares of the company’s stock worth $3,051,000 after acquiring an additional 3,583 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in L3Harris Technologies by 13.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock valued at $9,230,000 after purchasing an additional 3,532 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in L3Harris Technologies by 32.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,324 shares of the company’s stock valued at $6,513,000 after purchasing an additional 5,239 shares in the last quarter. Finally, Crystal Rock Capital Management acquired a new position in L3Harris Technologies in the 3rd quarter worth about $1,993,000. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Management split and CFO appointment positions Missile Solutions for faster scale-up and an eventual IPO — Kenneth Sharp will become CFO while Ken Bedingfield will focus full‑time on leading Missile Solutions and ramping solid‑rocket motor production to meet urgent demand, a clear strategic prioritization that can re‑rate the segment and unlock value. L3Harris Appoints Ken Sharp…
• Positive Sentiment: Analyst upgrade and price‑target increases helped push LHX to a new 12‑month high, validating momentum and likely attracting short‑term buyers and momentum flows. L3Harris Sets New 12-Month High…
• Positive Sentiment: Citi reiterates a missile/armaments “megatrend” and flags L3Harris as a beneficiary, supporting a longer‑term demand thesis for missile systems and interceptors which underpins higher revenue and capex visibility. Missile ‘megatrend’ still underestimated…
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems to support SDA Tranche 3 spacecraft platforms — a contract/partnering win that supports the company’s space‑systems backlog and program diversity. Intuitive Machines Selected…
• Neutral Sentiment: Opinion coverage questions valuation after an ~81% one‑year run; useful for positioning but not new company‑specific fundamentals—signals some investors are debating whether upside is already priced in. Is It Too Late To Consider L3Harris…
• Negative Sentiment: Insider selling: multiple disclosed sales (Samir Mehta and Jon Rambeau each sold 5,528 shares; VP Melanie Rakita sold multiple tranches totaling ~3,129 shares). Large insider exits can weigh on sentiment even if sales are for personal/liquidity reasons. Insider Jon Rambeau Sells…
• Negative Sentiment: Additional filings detail Melanie Rakita’s earlier sale and larger reduction in her stake — repeated insider reductions may increase short‑term selling pressure or caution among some investors. Melanie Rakita Sells 751 Shares…

Insider Buying and Selling

In related news, insider Samir Mehta sold 5,528 shares of the 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 completion of the sale, the insider owned 7,756 shares in the company, valued at $2,872,201.92. This represents a 41.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Rambeau sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 7,660 shares in the company, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,025 shares of company stock valued at $6,824,370. Insiders own 0.72% of the company’s stock.

L3Harris Technologies Trading Up 0.2%

NYSE:LHX opened at $368.63 on Thursday. The company’s 50 day moving average is $339.91 and its 200-day moving average is $304.55. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. L3Harris Technologies Inc has a 12 month low of $195.72 and a 12 month high of $379.23. The firm has a market cap of $68.85 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 2.65 and a beta of 0.63.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.10. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.76 billion. L3Harris Technologies had a net margin of 7.35% and a return on equity of 10.43%. L3Harris Technologies’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $3.47 EPS. Equities analysts anticipate that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 6th. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. L3Harris Technologies’s dividend payout ratio is presently 56.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LHX shares. BNP Paribas Exane upgraded L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings upgraded shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Wall Street Zen lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Sanford C. Bernstein restated an “outperform” rating on shares of L3Harris Technologies in a report on Friday, February 6th. Finally, UBS Group upped their price objective on shares of L3Harris Technologies to $323.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

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.