AMG National Trust Bank Invests $4.90 Million in L3Harris Technologies Inc $LHX

Key Points

• AMG National Trust Bank acquired 16,858 L3Harris shares worth approximately $4.90 million during the second quarter. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly EPS of $3.13, beating estimates of $2.80, while revenue rose 8.4% year over year to $5.88 billion. The company issued fiscal 2026 EPS guidance of $11.80–$12.00.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $365, although several firms recently lowered their targets. L3Harris also declared a quarterly dividend of $1.25, equivalent to a 1.7% annual yield.

AMG National Trust Bank acquired a new stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,858 shares of the company's stock, valued at approximately $4,899,000.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of L3Harris Technologies in the 2nd quarter worth approximately $752,983,000. Artisan Partners Limited Partnership boosted its stake in shares of L3Harris Technologies by 174.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company's stock worth $557,933,000 after acquiring an additional 1,207,334 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of L3Harris Technologies by 560.7% during the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company's stock worth $187,609,000 after acquiring an additional 521,312 shares in the last quarter. Boston Partners grew its holdings in shares of L3Harris Technologies by 27.6% in the 4th quarter. Boston Partners now owns 2,401,871 shares of the company's stock worth $709,396,000 after acquiring an additional 519,226 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of L3Harris Technologies in the 2nd quarter worth $133,414,000. Institutional investors own 84.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LHX shares. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. BNP Paribas Exane cut their price objective on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. UBS Group reduced their price objective 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. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a report on Friday, May 1st. Finally, Susquehanna dropped their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $365.00.

L3Harris Technologies Stock Down 0.1%

Shares of L3Harris Technologies stock opened at $291.62 on Monday. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23. The company has a market cap of $54.30 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.10 and a beta of 0.51. 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 stock has a 50-day moving average price of $292.85 and a 200 day moving average price of $323.26.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its 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. The company had revenue of $5.88 billion for the quarter, compared to analysts' expectations of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

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.

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies Inc (NYSE:LHX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source