16,416 Shares in L3Harris Technologies Inc $LHX Acquired by Trifecta Capital Advisors LLC

Key Points

• Trifecta Capital Advisors acquired 16,416 shares of L3Harris Technologies worth approximately $4.77 million, while institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris exceeded quarterly expectations, reporting $3.13 in earnings per share versus the $2.80 consensus and $5.88 billion in revenue, up 8.4% year over year. Management set fiscal 2026 EPS guidance at $11.80–$12.00.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $365, above the reported share price of $291.62.

Trifecta Capital Advisors LLC purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,416 shares of the company's stock, valued at approximately $4,770,000.

Several other institutional investors and hedge funds have also made changes to their positions in LHX. Allstate Corp boosted its position in L3Harris Technologies by 106.7% in the fourth quarter. Allstate Corp now owns 13,985 shares of the company's stock valued at $4,106,000 after buying an additional 7,219 shares during the last quarter. Swiss National Bank lifted its stake in L3Harris Technologies by 7.1% during the 1st quarter. Swiss National Bank now owns 549,029 shares of the company's stock valued at $189,497,000 after acquiring an additional 36,320 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in L3Harris Technologies by 23.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company's stock valued at $64,920,000 after acquiring an additional 41,414 shares during the period. Atria Investments Inc boosted its holdings in shares of L3Harris Technologies by 77.9% in the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company's stock valued at $4,345,000 after acquiring an additional 6,482 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of L3Harris Technologies by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company's stock worth $531,416,000 after acquiring an additional 110,423 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $291.62 on Friday. The company has a market capitalization of $54.30 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company's fifty day moving average price is $292.85 and its 200 day moving average price is $323.48. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analysts' expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LHX shares. Sanford C. Bernstein decreased their target price on shares of L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research report on Monday, May 4th. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Susquehanna reduced their price objective on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research note on Friday, July 31st. UBS Group lowered their target price on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Finally, Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $365.00.

About L3Harris Technologies

L3Harris Technologies NYSE: LHX is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company's offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.

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