denkapparat Operations GmbH Buys 3,960 Shares of L3Harris Technologies Inc $LHX

Key Points

• denkapparat Operations GmbH increased its L3Harris Technologies stake by 236.3% in the second quarter, purchasing 3,960 additional shares for a total holding of 5,636 shares valued at $1.64 million. Institutional investors collectively own 84.76% of LHX.
• Analyst sentiment remains moderately bullish, with an average “Moderate Buy” rating and a $360.45 consensus price target, although several firms recently lowered targets or downgraded the stock to “Hold.”
• L3Harris reported better-than-expected quarterly results, including $3.13 adjusted EPS and $5.88 billion in revenue, up 8.4% year over year. The company also declared a $1.25 quarterly dividend, equivalent to a 1.9% yield.

denkapparat Operations GmbH raised its stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 236.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,636 shares of the company's stock after buying an additional 3,960 shares during the quarter. denkapparat Operations GmbH's holdings in L3Harris Technologies were worth $1,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in L3Harris Technologies in the second quarter worth $5,525,806,000. Bank of New York Mellon Corp acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $752,983,000. Artisan Partners Limited Partnership grew its holdings in shares of L3Harris Technologies by 174.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company's stock valued at $557,933,000 after buying an additional 1,207,334 shares during the period. Deutsche Bank AG bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at $174,006,000. Finally, Man Group plc increased its position in shares of L3Harris Technologies by 5,286.7% in the 2nd quarter. Man Group plc now owns 563,720 shares of the company's stock valued at $163,811,000 after buying an additional 553,255 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LHX. Susquehanna reduced 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. Jefferies Financial Group downgraded L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a report on Wednesday, August 26th. UBS Group dropped their price target on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Weiss Ratings lowered L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $360.45.

L3Harris Technologies Trading Up 0.0%

LHX opened at $261.35 on Friday. The stock has a market capitalization of $48.67 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.67 and a beta of 0.50. 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 Inc has a 12 month low of $258.54 and a 12 month high of $379.23. The firm's fifty day simple moving average is $283.48 and its 200 day simple moving average is $315.33.

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 for the quarter, topping 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 company had revenue of $5.88 billion during the quarter, compared to analysts' expectations of $5.81 billion. During the same period in the prior year, the firm earned $2.78 earnings per share. L3Harris Technologies's revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors 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 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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