AXQ Capital LP Purchases New Holdings in L3Harris Technologies Inc $LHX

Key Points

• AXQ Capital initiated a position in L3Harris Technologies during the second quarter, purchasing 13,989 shares valued at approximately $4.1 million. Institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share and revenue of $5.88 billion, exceeding analyst expectations, while revenue rose 8.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $261.35, well below its 52-week high of $379.23, while analysts maintain a “Moderate Buy” consensus and an average price target of $360.45. L3Harris also declared a quarterly dividend of $1.25 per share, yielding about 1.9% annually.

AXQ Capital LP acquired a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,989 shares of the company's stock, valued at approximately $4,065,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of L3Harris Technologies during the 4th quarter valued at $25,000. Cedar Mountain Advisors LLC raised its position in shares of L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of L3Harris Technologies in the 4th quarter valued at $29,000. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $261.35 on Friday. The firm has a market cap of $48.67 billion, a PE ratio of 26.40, a PEG ratio of 1.67 and a beta of 0.50. The company has a fifty day moving average price of $283.48 and a 200 day moving average price of $315.33. L3Harris Technologies Inc has a 1-year low of $258.54 and a 1-year high of $379.23. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the company earned $2.78 earnings per share. L3Harris Technologies's quarterly 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. Research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on LHX shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. BNP Paribas Exane cut their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Susquehanna cut their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Finally, UBS Group reduced their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $360.45.

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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