L3Harris Technologies Inc $LHX Shares Newly Purchased by Bouvel Investment Partners LLC

Key Points

• Bouvel Investment Partners initiated a 24,424-share position in L3Harris Technologies worth approximately $5.8 million. Institutional investors collectively own 84.76% of the company’s outstanding shares.
• L3Harris reported quarterly EPS of $3.13, exceeding the $2.80 consensus estimate, 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 fell 1.6% to $234.38 and offer a $5.00 annualized dividend, yielding about 2.1%; analysts maintain a consensus “Moderate Buy” rating with an average price target of $350.86.

Bouvel Investment Partners LLC purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,424 shares of the company's stock, valued at approximately $5,783,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth about $5,525,806,000. State Street Corp lifted its position in L3Harris Technologies by 2.9% during the second quarter. State Street Corp now owns 9,097,353 shares of the company's stock valued at $2,643,600,000 after buying an additional 252,662 shares in the last quarter. Wellington Management Group LLP grew its stake in L3Harris Technologies by 7.1% during the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company's stock worth $1,367,832,000 after buying an additional 313,431 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of L3Harris Technologies in the second quarter worth $752,983,000. Finally, Bank of America Corp DE increased its position in shares of L3Harris Technologies by 1.4% in the second quarter. Bank of America Corp DE now owns 1,945,342 shares of the company's stock worth $565,297,000 after acquiring an additional 27,610 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Record GMLRS propulsion contract: L3Harris received a $250 million follow-on award from Lockheed Martin to manufacture standard-range Guided Multiple Launch Rocket System propulsion units. The record production quantity signals strong customer confidence and could support backlog and revenue visibility. L3Harris Awarded Solid Rocket Motor Contract with Record Production
• Positive Sentiment: Expanded affordable-munitions production: L3Harris and advanced manufacturer Divergent signed a teaming agreement to increase production of Wolfpack-related “Wolf” munitions. The partnership is intended to improve manufacturing scale and support demand for lower-cost, mass-produced weapons. L3Harris and Divergent Sign Teaming Agreement to Increase Production of Affordable Mass Munitions
• Positive Sentiment: Counter-drone and airborne systems progress: L3Harris delivered the first VAMPIRE counter-drone systems to the U.S. Army and successfully demonstrated the first Red Wolf flight from an MH-60. These milestones could strengthen the company’s position in rapidly growing unmanned-systems and air-defense markets. L3Harris Delivers First VAMPIRE Units to US Army for Drone Defense
• Positive Sentiment: Continued analyst support: Goldman Sachs maintained a Buy rating on L3Harris, providing a favorable signal for the investment case as the company benefits from defense-spending demand. Goldman Sachs Remains a Buy on L3Harris Technologies
• Neutral Sentiment: L3Harris also announced plans to provide night-vision systems to the U.S. Army. The award supports its defense-electronics portfolio, although its value and expected earnings contribution were not reported. L3Harris Technologies to Provide Night-Vision Systems to US Army

L3Harris Technologies Stock Down 1.6%

Shares of NYSE LHX traded down $3.87 during trading on Tuesday, reaching $234.38. 1,557,816 shares of the stock were exchanged, compared to its average volume of 1,498,129. The company has a market capitalization of $43.64 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.50. The business's 50-day moving average price is $256.96 and its 200 day moving average price is $292.45. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a twelve month low of $232.34 and a twelve month high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results 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 net margin of 8.17% and a return on equity of 10.96%. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm posted $2.78 EPS. The firm's quarterly revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts forecast that L3Harris Technologies Inc will post 11.91 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 4th. L3Harris Technologies's payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LHX. Jefferies Financial Group lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. Guggenheim initiated coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They set a "buy" rating and a $365.00 price target for the company. The Goldman Sachs Group lowered their price target on L3Harris Technologies from $405.00 to $361.00 and set a "buy" rating for the company in a report on Monday. Wall Street Zen upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, October 4th. Finally, Susquehanna decreased their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average price target of $350.86.

L3Harris Technologies Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.

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