Private Advisory Group LLC Takes Position in L3Harris Technologies Inc $LHX

Key Points

• Private Advisory Group LLC acquired 35,408 L3Harris shares worth approximately $10.3 million in the second quarter. Institutional investors collectively own 84.76% of the company.
• L3Harris exceeded quarterly expectations, reporting $3.13 in earnings per share and $5.88 billion in revenue, with revenue up 8.4% year over year. The company issued fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $291.62, well below its 52-week high of $379.23. L3Harris declared a quarterly dividend of $1.25, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $365.

Private Advisory Group LLC purchased a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,408 shares of the company's stock, valued at approximately $10,289,000.

Several other hedge funds and other institutional investors have also modified their holdings of LHX. Vanguard Group Inc. increased its position in L3Harris Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company's stock worth $6,872,710,000 after purchasing an additional 190,955 shares during the last quarter. Capital World Investors raised its stake in shares of L3Harris Technologies by 2.9% during the 4th quarter. Capital World Investors now owns 11,645,419 shares of the company's stock worth $3,418,747,000 after purchasing an additional 329,910 shares in the last quarter. State Street Corp lifted its holdings in shares of L3Harris Technologies by 1.6% during the 4th quarter. State Street Corp now owns 8,919,368 shares of the company's stock valued at $2,618,459,000 after buying an additional 141,442 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of L3Harris Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company's stock valued at $1,505,444,000 after buying an additional 106,430 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of L3Harris Technologies by 3.9% in the 4th quarter. Morgan Stanley now owns 3,318,020 shares of the company's stock valued at $974,072,000 after buying an additional 124,797 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $291.62 on Friday. 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 cap of $54.30 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.10 and a beta of 0.51. The business's 50-day simple moving average is $292.85 and its 200-day simple moving average is $323.48. L3Harris Technologies Inc has a 52 week low of $262.68 and a 52 week high of $379.23.

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 for the quarter, beating analysts' consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the business earned $2.78 EPS. The firm'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. As a group, equities research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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 given a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies's dividend payout ratio (DPR) is currently 50.51%.

Analyst Ratings Changes

A number of research firms recently commented on LHX. UBS Group dropped their price objective on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Truist Financial raised shares of L3Harris Technologies to a "strong-buy" rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Susquehanna cut their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Finally, BNP Paribas Exane reduced 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 investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average target price of $365.00.

L3Harris Technologies Profile

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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