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L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik sold 40,138 shares of common stock on August 11, 2025, for approximately $10.8 million. The prices received for the shares ranged from $267.99 to $270.63, near the stock’s current trading price of $270.21. The aerospace and defense company, with a market capitalization of $50.49 billion, has shown strong momentum with a 36% gain over the past six months. According to InvestingPro analysis, the stock is currently trading slightly below its Fair Value.
On the same day, Kubasik exercised options to acquire 40,138 shares of L3Harris common stock at a price of $149.31, for a total value of $5,993,004. These options were related to Non-Qualified Stock Options (Right to Buy). The company maintains a strong dividend track record, having raised its dividend for 23 consecutive years, with a current yield of 1.78%.
Following these transactions, Kubasik directly owns 145,577.82 shares of L3Harris Technologies. He also indirectly owns 30,000 shares through a grantor retained annuity trust. Analysts remain optimistic about the company’s prospects, with price targets ranging from $250 to $327. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, L3Harris Technologies reported impressive second-quarter 2025 earnings, with non-GAAP adjusted earnings per share of $2.78, surpassing both the consensus estimate of $2.49 and Bernstein’s estimate of $2.42. The company achieved revenue of $5.43 billion, exceeding the expected $5.31 billion. These results led Bernstein to raise its price target for L3Harris to $324 while maintaining an Outperform rating, and RBC Capital increased its price target to $280, keeping a Sector Perform rating. Additionally, L3Harris was awarded a $53.8 million contract modification by the U.S. Department of Defense for the procurement of additional production units and an antenna. In collaboration news, L3Harris teamed up with Joby Aviation (NYSE:JOBY) to develop a hybrid aircraft for defense applications, with flight testing expected to begin in fall 2025. The partnership aims to create a gas turbine hybrid vertical take-off and landing aircraft for low-altitude missions. These developments highlight significant progress and strategic partnerships for L3Harris Technologies.
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