Empowered Funds LLC Increases Holdings in L3Harris Technologies Inc $LHX

Key Points

• Empowered Funds LLC increased its L3Harris Technologies stake by 27.5% in the second quarter, bringing its holdings to 30,575 shares valued at approximately $8.9 million. Institutional investors collectively own 84.76% of the company.
• L3Harris exceeded quarterly expectations, reporting $3.13 in earnings per share and $5.88 billion in revenue, with revenue up 8.4% year over year. The company expects fiscal 2026 earnings of $11.80–$12.00 per share.
• The stock opened at $263.31, 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, equivalent to a 1.9% yield.

Empowered Funds LLC grew its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,575 shares of the company's stock after buying an additional 6,594 shares during the quarter. Empowered Funds LLC's holdings in L3Harris Technologies were worth $8,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of L3Harris Technologies during the 2nd quarter worth $5,525,806,000. Bank of New York Mellon Corp purchased a new position in shares of L3Harris Technologies in the second quarter valued at $752,983,000. Artisan Partners Limited Partnership increased its position in shares of L3Harris Technologies by 174.2% in the fourth 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 in the last quarter. Deutsche Bank AG acquired a new position in shares of L3Harris Technologies during the 2nd quarter worth $174,006,000. Finally, Man Group plc boosted 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 worth $163,811,000 after buying an additional 553,255 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $263.31 on Friday. The business's 50-day simple moving average is $285.55 and its 200-day simple moving average is $317.80. 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 $258.54 and a 52 week high of $379.23. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.14 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results 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. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's payout ratio is presently 50.51%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LHX shares. Jefferies Financial Group downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a report on Wednesday. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein dropped their price objective on shares of L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research note on Monday, May 4th. BNP Paribas Exane cut their price objective on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Finally, UBS Group reduced their target price on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $360.45.

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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