L3Harris Technologies Inc $LHX Shares Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board increased its L3Harris Technologies stake by 42.9% in the second quarter, adding 175,780 shares to hold 585,375 shares valued at approximately $170.1 million.
• L3Harris reported quarterly EPS of $3.13, beating estimates by $0.33, while revenue rose 8.4% year over year to $5.88 billion. The company maintained fiscal 2026 EPS guidance of $11.80–$12.00.
• The company declared a quarterly dividend of $1.25 per share, equal to $5.00 annually and a 1.9% yield. Analysts’ consensus rating remains “Moderate Buy”, with an average price target of $360.45.

Canada Pension Plan Investment Board lifted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 42.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 585,375 shares of the company's stock after purchasing an additional 175,780 shares during the quarter. Canada Pension Plan Investment Board owned about 0.31% of L3Harris Technologies worth $170,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after buying an additional 3,001 shares during the last quarter. Jump Financial LLC lifted its stake in L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after purchasing an additional 388 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock worth $4,285,000 after buying an additional 2,130 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of L3Harris Technologies in the second quarter valued at $856,000. Finally, CIBC Asset Management Inc raised its holdings in shares of L3Harris Technologies by 116.2% in the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock valued at $15,549,000 after buying an additional 33,321 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 0.2%

L3Harris Technologies stock opened at $262.79 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The firm has a market capitalization of $48.93 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $258.54 and a fifty-two week high of $379.23. The stock's fifty day moving average is $286.84 and its two-hundred day moving average is $318.81.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts predict 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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LHX shares. UBS Group decreased their target price on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Susquehanna dropped their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a report on Friday, May 1st. Finally, Weiss Ratings cut shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Two 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. According to MarketBeat.com, L3Harris Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $360.45.

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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