Quantbot Technologies LP Purchases Shares of 34,058 L3Harris Technologies Inc $LHX

Key Points

• Quantbot Technologies initiated a 34,058-share position in L3Harris Technologies worth approximately $9.9 million during the second quarter. Institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris reported quarterly EPS of $3.13, 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.
• The stock opened at $267.03, near its 52-week low of $262.68, while analysts maintain a “Moderate Buy” consensus and an average price target of $365. L3Harris also declared a quarterly dividend of $1.25 per share, implying a 1.9% yield.

Quantbot Technologies LP purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 34,058 shares of the company's stock, valued at approximately $9,897,000. L3Harris Technologies accounts for about 0.4% of Quantbot Technologies LP's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in L3Harris Technologies during the second quarter worth about $5,525,806,000. Bank of New York Mellon Corp bought a new position in shares of L3Harris Technologies during the 2nd quarter valued at about $752,983,000. Artisan Partners Limited Partnership grew its stake in shares of L3Harris Technologies by 174.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company's stock worth $557,933,000 after purchasing an additional 1,207,334 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of L3Harris Technologies in the 2nd quarter worth approximately $174,006,000. Finally, Two Sigma Investments LP raised its holdings in shares of L3Harris Technologies by 560.7% in the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company's stock worth $187,609,000 after purchasing an additional 521,312 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $267.03 on Friday. The firm's 50 day simple moving average is $289.65 and its 200-day simple moving average is $320.67. The company has a market cap of $49.72 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. 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 Inc has a fifty-two week low of $262.68 and a fifty-two week high of $379.23.

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

L3Harris Technologies Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's payout ratio is 50.51%.

Wall Street Analyst Weigh In

LHX has been the subject of a number of research reports. BNP Paribas Exane reduced their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Susquehanna dropped their price target on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday. Finally, Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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