Jefferies bought $3.1M in L3Harris shares as company beat earnings, raised dividend, and maintained strong performance.

Jefferies Financial Group acquired 10,183 shares of L3Harris Technologies, worth about $3.11 million, in the third quarter, according to a recent SEC filing. The defense contractor reported strong fourth-quarter earnings of $2.86 per share, beating estimates by $0.10, with $5.65 billion in revenue, a 2.3% year-over-year increase. The company declared a quarterly dividend of $1.25 per share, a 4.17% rise, resulting in an annualized yield of 1.4%. Despite insider sales totaling $6.82 million in the past 90 days, analysts maintain a "Moderate Buy" consensus with a target price of $328.57. L3Harris, formed in 2019 from the merger of L3 Technologies and Harris Corporation, operates in aerospace and defense, specializing in communications, avionics, electronic warfare, and space systems.