D.A. Davidson & CO. and
Brown Advisory Inc. reduced their positions in
L3Harris Technologies (LHX). Despite this, its stock value remained steady outperforming competitors on multiple occasions. Entities such as
CreativeOne Wealth LLC and
Principal Securities Inc. increased their stakes in the company.
Christopher E. Kubasik, CEO and other insiders sold a significant amount of shares, causing some market hesitation. L3Harris Technologies reported strong Q1 2024 results, although EPS fell short of expectations. Its
dividend is set to increase to $1.16. The
Department of Defense extended a mentoring program with the company, evidencing confidence in its operations. The firm announced insider promotions and plans to present at the
Bernstein Annual Strategic Decisions Conference.
Kanders & Co. made a $200m deal for L3Harris’ antenna and test equipment businesses. Furthermore, the company is divesting its Commercial Aviation Solutions Business to TJC. However, there were rumors of a 5% workforce cut to save costs. Finally, the stock was upgraded to overweight from neutral and its price target was raised by both Royal Bank of Canada and JPMorgan Chase & Co.
L3harris Technologies LHX News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 10:49:23 GMT -
Rating 7
- Innovation 6
- Information 4
- Rumor 5
