California State Teachers Retirement System Decreases Stake in L3Harris Technologies Inc $LHX

California State Teachers Retirement System decreased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,245 shares of the company's stock after selling 11,186 shares during the period. California State Teachers Retirement System owned approximately 0.15% of L3Harris Technologies worth $83,761,115 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LHX. REAP Financial Group LLC increased its position in shares of L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company's stock valued at $74,000 after acquiring an additional 29 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in shares of L3Harris Technologies by 5.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company's stock valued at $161,000 after buying an additional 30 shares in the last quarter. Keudell Morrison Wealth Management raised its holdings in shares of L3Harris Technologies by 0.7% during the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company's stock valued at $1,598,000 after acquiring an additional 31 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of L3Harris Technologies by 25.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company's stock worth $47,000 after purchasing an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC lifted its holdings in L3Harris Technologies by 0.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company's stock valued at $2,306,000 after purchasing an additional 34 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Up 1.4%

Shares of LHX traded up $3.53 during mid-day trading on Tuesday, hitting $252.46. 538,703 shares of the company traded hands, compared to its average volume of 1,492,526. The company has a market capitalization of $47.01 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.57 and a beta of 0.50. The business has a 50 day moving average of $277.38 and a 200 day moving average of $310.37. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a 1-year low of $244.76 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its earnings results 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 firm had revenue of $5.88 billion during 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 was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. L3Harris Technologies's payout ratio is 50.51%.

Analyst Upgrades and Downgrades

LHX has been the topic of a number of research reports. Guggenheim began coverage on shares of L3Harris Technologies in a research note on Monday. They issued a "buy" rating and a $365.00 price objective on the stock. Jefferies Financial Group lowered L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research report on Wednesday, August 26th. Melius Research lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, September 8th. BNP Paribas Exane dropped their price target on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $360.83.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.

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