Legal & General Group Plc lowered its position in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,128,010 shares of the company's stock after selling 25,316 shares during the period. Legal & General Group Plc owned about 0.61% of L3Harris Technologies worth $327,788,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. REAP Financial Group LLC increased its position in L3Harris Technologies by 12.9% during the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company's stock worth $74,000 after purchasing an additional 29 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in shares of L3Harris Technologies by 5.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company's stock valued at $161,000 after buying an additional 30 shares during the period. Keudell Morrison Wealth Management boosted its stake in shares of L3Harris Technologies by 0.7% in the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company's stock valued at $1,598,000 after buying an additional 31 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of L3Harris Technologies by 25.2% in the fourth quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company's stock valued at $47,000 after buying an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC grew its holdings in L3Harris Technologies by 0.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company's stock worth $2,306,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.
Analyst Ratings Changes
LHX has been the subject of several research analyst reports. Weiss Ratings cut L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein lowered their price target on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Finally, BNP Paribas Exane decreased their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $365.00.
Check Out Our Latest Stock Analysis on L3Harris Technologies
L3Harris Technologies Stock Performance
NYSE LHX opened at $262.20 on Wednesday. L3Harris Technologies Inc has a 1-year low of $260.95 and a 1-year high of $379.23. The company has a market capitalization of $48.82 billion, a P/E ratio of 26.49, a PEG ratio of 1.14 and a beta of 0.51. The business has a 50 day moving average price of $287.85 and a 200 day moving average price of $319.37. 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 (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, topping the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to analysts' expectations of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.L3Harris Technologies's revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.
L3Harris Technologies Dividend Announcement
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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's payout ratio is 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider L3Harris Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and L3Harris Technologies wasn't on the list.
While L3Harris Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
