Sen. Markwayne Mullin Purchases Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of L3Harris Technologies, Inc. NYSE: LHX. In a filing disclosed on February 27th, the Senator disclosed that they had bought between $15,001 and $50,000 in L3Harris Technologies stock on February 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Brick TSE: BRK on 2/13/2025.
• Sold $100,001 - $250,000 in shares of Vanguard Materials ETF NYSEARCA: VAW on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 2/13/2025.
• Sold $15,001 - $50,000 in shares of Constellation Brands NYSE: STZ on 2/13/2025.
• Purchased $50,001 - $100,000 in shares of LPL Financial NASDAQ: LPLA on 2/13/2025.
• Purchased $15,001 - $50,000 in shares of TJX Companies NYSE: TJX on 2/13/2025.
• Sold $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 2/13/2025.

L3Harris Technologies Trading Up 0.7 %

NYSE LHX traded up $1.33 during trading on Friday, reaching $206.23. 1,245,205 shares of the stock traded hands, compared to its average volume of 1,351,318. The firm has a market cap of $38.84 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The stock's 50-day moving average price is $209.05 and its 200 day moving average price is $228.22. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Analysts predict that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Sanford C. Bernstein raised shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and cut their price target for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Barclays cut their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $240.00 price target on shares of L3Harris Technologies in a research note on Friday, January 31st. Finally, UBS Group lifted their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $261.47.

Insider Transactions at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the completion of the transaction, the insider now owns 8,576 shares of the company's stock, valued at approximately $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 4,901 shares of company stock valued at $1,059,757. 0.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On L3Harris Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Park Square Financial Group LLC bought a new stake in L3Harris Technologies during the fourth quarter worth about $37,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in L3Harris Technologies during the fourth quarter worth about $5,105,000. Jefferies Financial Group Inc. bought a new position in shares of L3Harris Technologies in the fourth quarter worth about $232,000. Heck Capital Advisors LLC bought a new position in shares of L3Harris Technologies in the fourth quarter worth about $592,000. Finally, Brick & Kyle Associates lifted its holdings in shares of L3Harris Technologies by 2.0% in the fourth quarter. Brick & Kyle Associates now owns 22,426 shares of the company's stock worth $4,716,000 after acquiring an additional 432 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.