UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 213,386 Shares of L3Harris Technologies Inc $LHX

Key Points

• UBS Asset Management increased its L3Harris Technologies stake by 34.9% in the second quarter, adding 213,386 shares to own 824,725 shares valued at approximately $239.7 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly adjusted earnings of $3.13 per share and revenue of $5.88 billion, exceeding analyst estimates, while revenue rose 8.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.9% yield. Despite a “Moderate Buy” consensus rating and $360.45 average analyst target, several analysts recently lowered their price objectives.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 824,725 shares of the company's stock after purchasing an additional 213,386 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.44% of L3Harris Technologies worth $239,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LHX. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies in the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its stake 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 acquiring an additional 74 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of L3Harris Technologies in the fourth quarter worth approximately $29,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $266.53 on Tuesday. L3Harris Technologies Inc has a one year low of $258.54 and a one year high of $379.23. The stock's fifty day moving average is $285.16 and its 200 day moving average is $317.02. The stock has a market cap of $49.63 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.14 and a beta of 0.51. 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 quarterly 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 return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the company posted $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. Sell-side analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company 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. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LHX shares. UBS Group lowered their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. BNP Paribas Exane decreased their target price 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. Susquehanna lowered 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. Finally, Sanford C. Bernstein cut their price objective on L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $360.45.

L3Harris Technologies Company 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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