NewEdge Advisors LLC Has $7.55 Million Stock Position in L3Harris Technologies Inc $LHX

NewEdge Advisors LLC lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 32.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,967 shares of the company's stock after selling 12,695 shares during the period. NewEdge Advisors LLC's holdings in L3Harris Technologies were worth $7,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies during the 4th quarter worth $25,000. NBH Bank acquired a new stake in shares of L3Harris Technologies during the 2nd quarter worth $26,000. Finally, Cedar Mountain Advisors LLC increased its position in shares of 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 own 84.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Melius Research lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, September 8th. Jefferies Financial Group lowered L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Wednesday, August 26th. Weiss Ratings lowered L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Susquehanna lowered their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research note on Friday, July 31st. Finally, BNP Paribas Exane dropped their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $360.45.

L3Harris Technologies Stock Down 1.2%

L3Harris Technologies stock opened at $245.42 on Friday. L3Harris Technologies Inc has a 52-week low of $244.76 and a 52-week high of $379.23. The firm has a 50 day moving average price of $278.43 and a two-hundred day moving average price of $311.41. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.57 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18.

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

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's dividend payout ratio is 50.51%.

L3Harris Technologies Profile

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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