3,094 Shares in L3Harris Technologies Inc $LHX Bought by One Wealth Advisors LLC

One Wealth Advisors LLC bought a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,094 shares of the company’s stock, valued at approximately $899,000.

Other hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC raised 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 buying an additional 74 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $25,000. Tower View Wealth Management LLC bought a new position in shares of L3Harris Technologies in the first quarter worth approximately $29,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth $25,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth $25,000. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. UBS Group cut their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. BNP Paribas Exane decreased their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Susquehanna lowered their price objective 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 research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

L3Harris Technologies Trading Up 1.1%

Shares of LHX opened at $291.62 on Friday. 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 1 year low of $262.68 and a 1 year high of $379.23. The company has a 50 day simple moving average of $292.85 and a two-hundred day simple moving average of $323.48. The firm has a market cap of $54.30 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data 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 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 quarter last year, the business posted $2.78 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s payout ratio is currently 50.51%.

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.