Oppenheimer Asset Management Inc. Purchases New Holdings in L3Harris Technologies Inc $LHX

Key Points

• Oppenheimer Asset Management initiated a position in L3Harris Technologies during the second quarter, purchasing 4,213 shares valued at approximately $1.224 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, exceeding estimates of $2.80, while revenue rose 8.4% year over year to $5.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• Shares opened at $291.62, below their 200-day average, while analysts maintain a “Moderate Buy” consensus with an average price target of $365. L3Harris also declared a quarterly dividend of $1.25 per share, representing a 1.7% yield.

Oppenheimer Asset Management Inc. acquired a new position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,213 shares of the company's stock, valued at approximately $1,224,000.

Several other large investors have also modified their holdings of LHX. REAP Financial Group LLC raised 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 buying an additional 29 shares during the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company's stock worth $161,000 after acquiring an additional 30 shares during the period. Turtle Creek Wealth Advisors LLC raised its holdings in L3Harris Technologies by 3.7% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company's stock worth $253,000 after purchasing an additional 31 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in L3Harris Technologies by 0.7% in the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company's stock valued at $1,598,000 after purchasing an additional 31 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in L3Harris Technologies by 25.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company's stock worth $47,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Down 0.1%

Shares of NYSE:LHX opened at $291.62 on Monday. The stock has a 50-day simple moving average of $292.85 and a 200-day simple moving average of $323.26. The stock has a market capitalization of $54.30 billion, a P/E ratio of 29.46, a PEG ratio of 1.10 and a beta of 0.51. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23. 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 announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $5.81 billion. During the same period in the previous year, the company posted $2.78 earnings per share. L3Harris Technologies's revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's payout ratio is currently 50.51%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein reduced their price target on L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Truist Financial upgraded shares of L3Harris Technologies to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Susquehanna reduced their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $365.00.

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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