Jones Financial Companies Lllp lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,232 shares of the company's stock after buying an additional 6,917 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.07% of L3Harris Technologies worth $40,551,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of LHX. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies during the 4th quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies during the fourth quarter worth $25,000. Cedar Mountain Advisors LLC boosted its stake in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in L3Harris Technologies during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 84.76% of the company's stock.
Analyst Upgrades and Downgrades
LHX has been the subject of a number of recent research reports. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a report on Friday, May 1st. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a research note on Monday, May 4th. UBS Group decreased their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. BNP Paribas Exane cut 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. Finally, Weiss Ratings lowered L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $365.00.
Check Out Our Latest Analysis on L3Harris Technologies
L3Harris Technologies Stock Performance
NYSE:LHX opened at $262.78 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a market cap of $48.93 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.16 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $261.55 and a fifty-two week high of $379.23. The firm's 50 day moving average is $288.82 and its two-hundred day moving average is $319.91.
L3Harris Technologies (NYSE:LHX - Get Free Report) last issued 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 business had revenue of $5.88 billion for 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 business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current 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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's payout ratio is currently 50.51%.
About L3Harris Technologies
(
Free Report)
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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