Engineers Gate Manager LP Has $3.79 Million Holdings in L3Harris Technologies Inc $LHX

Key Points

• Engineers Gate Manager LP increased its L3Harris Technologies stake by 409.7% in the second quarter, holding 13,029 shares valued at approximately $3.79 million. Institutional investors collectively own 84.76% of the company.
• Analyst sentiment remains positive but has weakened, with several firms cutting price targets or downgrading the stock. L3Harris has a “Moderate Buy” consensus rating and an average target of $360.45, well above its reported $245.42 share price.
• L3Harris beat quarterly earnings and revenue expectations, reporting $3.13 in EPS and $5.88 billion in revenue, while setting fiscal 2026 EPS guidance of $11.80–$12.00. The company also declared a $1.25 quarterly dividend, equivalent to a 2.0% annual yield.

Engineers Gate Manager LP lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 409.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,029 shares of the company's stock after purchasing an additional 10,473 shares during the period. Engineers Gate Manager LP's holdings in L3Harris Technologies were worth $3,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies in the fourth quarter valued at about $25,000. NBH Bank bought a new position in L3Harris Technologies in the second quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC increased its position in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock worth $28,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LHX. Susquehanna cut their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Melius Research lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, September 8th. Finally, UBS Group dropped their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, L3Harris Technologies currently has an average rating of "Moderate Buy" and an average price target of $360.45.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $245.42 on Friday. The stock has a market cap of $45.70 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.57 and a beta of 0.50. The stock has a 50-day moving average of $278.43 and a 200-day moving average of $311.41. 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 one year low of $244.76 and a one year high of $379.23.

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

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. 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%.

About L3Harris Technologies

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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