5,175 Shares in L3Harris Technologies Inc $LHX Bought by Buckland Partners Management Co LLC

Key Points

• Buckland Partners Management acquired 5,175 L3Harris shares worth approximately $1.5 million, while institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, exceeding estimates of $2.80, with revenue rising 8.4% year over year to $5.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $278.05, near its one-year low, and analysts maintain a “Moderate Buy” consensus with an average price target of $365. L3Harris also declared a quarterly dividend of $1.25, equivalent to a 1.8% annual yield.

Buckland Partners Management Co LLC acquired a new position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,175 shares of the company's stock, valued at approximately $1,504,000.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock worth $901,000 after purchasing an additional 3,001 shares during the period. Jump Financial LLC raised its position in L3Harris Technologies by 14.9% in the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after purchasing an additional 388 shares during the period. NewEdge Advisors LLC raised its position in L3Harris Technologies by 14.2% in the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock worth $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC bought a new stake in L3Harris Technologies in the second quarter worth about $856,000. Finally, CIBC Asset Management Inc lifted its stake in L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock worth $15,549,000 after purchasing an additional 33,321 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Price Performance

Shares of LHX stock opened at $278.05 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market capitalization of $51.78 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.10 and a beta of 0.51. The company's 50-day simple moving average is $292.38 and its two-hundred day simple moving average is $322.68. L3Harris Technologies Inc has a one year low of $262.68 and a one year high of $379.23.

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

L3Harris Technologies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies's dividend payout ratio is 50.51%.

Trending Headlines about L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris appointed insider Sam Mehta as president and chief executive officer effective immediately. Mehta’s familiarity with the business could help provide continuity and limit disruption while the company manages the transition. L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
• Positive Sentiment: A new Rhode Island facility is expanding L3Harris’ undersea-defense capabilities, including advanced training systems for U.S. and allied fleets. The investment may support long-term growth in an area benefiting from increased defense demand. Can L3Harris' New Rhode Island Facility Strengthen Undersea Growth?
• Neutral Sentiment: The leadership transition is effective immediately, and additional details about the conduct violation were not disclosed. Investors will likely watch for information on Mehta’s strategic priorities, the board’s governance process and any effect on customer or government relationships. Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified conduct
• Negative Sentiment: Kubasik’s departure is particularly sensitive because he previously left Lockheed Martin after acknowledging an improper relationship with a subordinate. The repeat conduct-related controversy may heighten reputational and governance concerns surrounding L3Harris. L3Harris ousts CEO Christopher Kubasik after probe finds he violated code of conduct

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BNP Paribas Exane cut their target price on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Sanford C. Bernstein decreased their price target on L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research note on Monday, May 4th. Weiss Ratings cut L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. UBS Group cut their price objective on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $365.00.

L3Harris Technologies Profile

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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