LHX President Niebergall sold 3,250 shares across 2 transactions at $260.00 for $845,000 total (Nov 2024)
Ross Niebergall, President of Aerojet Rocketdyne at L3Harris Technologies, sold 3,250 shares (-23.9% of pre-transaction holdings) across 2 separate sales on 2024-11-06 and 2024-11-08 at $260.00 per share, totaling $845,000.00. The stock is currently at $260.60, essentially unchanged from transaction levels, and trading at its 52-week high. His same-ticker sales history at LHX shows 3 prior sells with mixed near-term returns (30-day outcomes of +1.1% to +2.7%), though the timing quality at the 90-day mark remains unmeasured. At the cross-ticker level, his open-market sell track record shows an average 30-day return of +1.9%, indicating modest variability in post-sale stock performance. The fundamental backdrop reflects solid operational metrics—$5.3B quarterly revenue, $400.0M net income, +13.8% annual growth—but a elevated P/E of 40.97 relative to market peers. The sale reduces his stake from 10,340 to 10,340 shares post-transaction (net reduction of 3,250 shares, or 23.9%).