Ceredex Value Advisors LLC Purchases New Holdings in L3Harris Technologies Inc $LHX

Key Points

• Ceredex Value Advisors acquired 150,097 L3Harris shares worth approximately $43.6 million, making the position 1.2% of its portfolio. Institutional investors collectively own 84.76% of the company.
• L3Harris exceeded quarterly expectations, reporting $3.13 in EPS and $5.88 billion in revenue, with revenue up 8.4% year over year. The company set fiscal 2026 EPS guidance at $11.80–$12.00.
• Analyst sentiment remains favorable but cautious, with a consensus “Moderate Buy” rating and a $365 price target despite several recent target cuts. Shares opened at $270.08, near their 52-week low, while the company announced a quarterly dividend of $1.25 per share.

Ceredex Value Advisors LLC acquired a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,097 shares of the company's stock, valued at approximately $43,617,000. L3Harris Technologies accounts for approximately 1.2% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 12th biggest position. Ceredex Value Advisors LLC owned approximately 0.08% of L3Harris Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LHX. Brighton Jones LLC grew its position in shares of L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after purchasing an additional 3,001 shares during the period. Jump Financial LLC increased its position in shares of L3Harris Technologies by 14.9% during 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 last quarter. NewEdge Advisors LLC increased its stake in shares of L3Harris Technologies by 14.2% during 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 last quarter. Nebula Research & Development LLC acquired a new position in shares of L3Harris Technologies during the 2nd quarter worth about $856,000. Finally, CIBC Asset Management Inc increased its holdings in shares of L3Harris Technologies by 116.2% during the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock worth $15,549,000 after acquiring an additional 33,321 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LHX. 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. Susquehanna reduced their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a report on Tuesday. 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. Finally, 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 report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $365.00.

L3Harris Technologies Stock Down 2.5%

Shares of NYSE:LHX opened at $270.08 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies Inc has a 52-week low of $262.68 and a 52-week high of $379.23. The business's 50 day simple moving average is $290.46 and its two-hundred day simple moving average is $321.05. The firm has a market cap of $50.29 billion, a P/E ratio of 27.28, a PEG ratio of 1.20 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.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 company posted $2.78 earnings per share. The company'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. As a group, research analysts forecast that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

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