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NIEBERGALL ROSS

President, Aerojet Rocketdyne

Officer
4 filings analyzed · 1 company · Latest 2024-11-08

Companies

Company Buys Sells Direction
L3HARRIS TECHNOLOGIES, INC. /DE/ LHX 0 7 Net selling

Activity

November 2024
Sell
3,250 shares
$845,000
Significance 5/10

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%).

Sell
2,988 shares
$740,815
Significance 3/10

President of Aerojet Rocketdyne sells 2,988 LHX shares at $247.93; retains 10,340 shares post-transaction.

Ross sold 2,988 shares of L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) at $247.93 on 2024-11-04, reducing his position by 22.4% to 10,340 shares remaining. His prior two sales at LHX on 2024-10-02 and 2024-09-03 have posted modest positive 30-day returns of +1.1% and +2.7% respectively, suggesting the stock has generally moved higher after his recent exit decisions at this ticker. The current price of $247.07 sits 2.3% below the 52-week high of $252.81, and the stock has appreciated 9.3% over the past 90 days, indicating continued upward price momentum in the security. This sale occurs within a pattern of regular liquidation activity at this position without measurable evidence of prescient timing on a 90-day basis at this specific ticker.

October 2024
Sell
2,988 shares
$731,104
Significance 4/10

President of Aerojet Rocketdyne sold 2,988 LHX shares at $244.68 on 2024-10-02 for $731,103.84; holdings reduced by 18.3%.

Ross sold 2,988 shares at $244.68, reducing his LHX holdings from 16,316 to 13,328 shares. The sale occurred near the 52-week high of $245.29, with the stock subsequently trading at $243.11 and up 3.3% over the 30-day window. This represents a discrete reduction in disclosed position in a stock where the company recently reported $5.3B in revenue with annual growth of +13.8%, though at a relatively elevated P/E of 38.77. His prior open-market sell at this ticker (2024-09-03) posted a 30-day return of +2.7%, consistent with his cross-ticker average of +2.7%, indicating limited differentiation in timing across his transaction history.

September 2024
Sell
2,988 shares
$707,200
Significance 4/10

Aerojet Rocketdyne President Niebergall sells 2,988 shares of LHX at $236.68; holds 16,316 shares remaining.

NIEBERGALL ROSS, President of Aerojet Rocketdyne, sold 2,988 shares (3.0K shares) of L3Harris Technologies at $236.68 on 2024-09-03 for a total value of $707,199.84 ($707.2K), reducing his position by 15.5% from 19,304 shares to 16,316 shares. The sale occurred near the 52-week high of $243.27, with the stock currently trading at $232.52, representing a 4.4% decline from its peak. L3Harris has demonstrated solid fundamentals with annual revenue growth of 13.8% and a market cap of $44.1B, though the elevated P/E of 37.08 reflects current valuation expectations. The discretionary nature of this partial position reduction, executed at elevated price levels relative to the company's 52-week range, represents a modest liquidation event in an otherwise solid performer.

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