Alyeska Investment Group L.P. Has $29.95 Million Stock Holdings in L3Harris Technologies Inc $LHX

Alyeska Investment Group L.P. decreased its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 59.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,076 shares of the company's stock after selling 153,762 shares during the period. Alyeska Investment Group L.P. owned about 0.06% of L3Harris Technologies worth $29,953,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies in the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of L3Harris Technologies during the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its holdings in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock worth $28,000 after purchasing an additional 74 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of L3Harris Technologies in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LHX shares. UBS Group dropped their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Jefferies Financial Group cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research note on Wednesday. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Sanford C. Bernstein lowered their target price on L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research report on Monday, May 4th. Finally, Susquehanna cut their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $360.45.

L3Harris Technologies Stock Performance

Shares of LHX opened at $263.31 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm's fifty day simple moving average is $285.55 and its two-hundred day simple moving average is $317.57. L3Harris Technologies Inc has a 12 month low of $258.54 and a 12 month high of $379.23. The stock has a market capitalization of $49.03 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51.

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

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies's payout ratio is currently 50.51%.

L3Harris Technologies Company 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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