Diversify Advisory Services LLC Purchases Shares of 5,112 L3Harris Technologies Inc $LHX

Key Points

• Diversify Advisory Services acquired 5,112 shares of L3Harris Technologies worth approximately $1.55 million in 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 guided to fiscal 2026 EPS of $11.80–$12.00.
• Shares opened at $276.98, below their 50-day and 200-day moving averages, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $365. L3Harris also declared a quarterly dividend of $1.25, equivalent to a 1.8% annual yield.

Diversify Advisory Services LLC purchased 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 institutional investor purchased 5,112 shares of the company's stock, valued at approximately $1,551,000.

A number of other large investors also recently modified their holdings of LHX. REAP Financial Group LLC lifted 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 worth $74,000 after buying an additional 29 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings 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 worth $161,000 after acquiring an additional 30 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of L3Harris Technologies by 3.7% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company's stock valued at $253,000 after purchasing an additional 31 shares in the last quarter. Keudell Morrison Wealth Management increased its position in L3Harris Technologies by 0.7% in the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company's stock worth $1,598,000 after purchasing an additional 31 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its stake in L3Harris Technologies by 25.2% during the fourth quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company's stock valued at $47,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Trading Down 0.9%

LHX stock opened at $276.98 on Thursday. The firm's 50-day moving average is $291.30 and its 200 day moving average is $321.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. L3Harris Technologies Inc has a 12 month low of $262.68 and a 12 month high of $379.23. The company has a market capitalization of $51.58 billion, a PE ratio of 27.98, a P/E/G ratio of 1.06 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $5.81 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. L3Harris Technologies's revenue 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. On average, research analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies's payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Weiss Ratings lowered L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of L3Harris Technologies in a report on Tuesday. Finally, BNP Paribas Exane decreased their price target on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $365.00.

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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