Robinhood Asset Management LLC Grows Stock Position in L3Harris Technologies Inc $LHX

Key Points

• Robinhood Asset Management increased its L3Harris Technologies stake by 34.5% in the second quarter, bringing its holdings to 21,756 shares valued at approximately $6.32 million. Institutional investors collectively own 84.76% of LHX stock.
• L3Harris reported quarterly EPS of $3.13, surpassing the $2.80 consensus estimate, while revenue rose 8.4% year over year to $5.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• LHX shares opened at $267.03, near their 12-month low, while analysts maintained a “Moderate Buy” consensus with an average price target of $365. The company also declared a quarterly dividend of $1.25 per share, yielding about 1.9% annually.

Robinhood Asset Management LLC increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 34.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,756 shares of the company's stock after purchasing an additional 5,581 shares during the quarter. Robinhood Asset Management LLC's holdings in L3Harris Technologies were worth $6,322,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LHX. Allstate Corp raised its position in shares of L3Harris Technologies by 106.7% during the 4th quarter. Allstate Corp now owns 13,985 shares of the company's stock worth $4,106,000 after acquiring an additional 7,219 shares in the last quarter. Swiss National Bank boosted its holdings in L3Harris Technologies by 7.1% in the first quarter. Swiss National Bank now owns 549,029 shares of the company's stock valued at $189,497,000 after purchasing an additional 36,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in L3Harris Technologies by 23.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company's stock valued at $64,920,000 after purchasing an additional 41,414 shares during the last quarter. Atria Investments Inc raised its holdings in L3Harris Technologies by 77.9% during the fourth quarter. Atria Investments Inc now owns 14,800 shares of the company's stock worth $4,345,000 after purchasing an additional 6,482 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of L3Harris Technologies by 6.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company's stock worth $531,416,000 after buying an additional 110,423 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

L3Harris Technologies Stock Down 1.3%

LHX stock opened at $267.03 on Friday. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.51. The company has a fifty day moving average price of $289.65 and a 200 day moving average price of $320.67. 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 12 month low of $262.68 and a 12 month 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 (EPS) for the quarter, topping 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%. L3Harris Technologies's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $2.78 EPS. 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 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. 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 1.9%. L3Harris Technologies's dividend payout ratio (DPR) is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LHX shares. Sanford C. Bernstein dropped their target price on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday. BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Susquehanna cut 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. Finally, UBS Group reduced their target price on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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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