6,279 L3Harris Technologies Inc $LHX Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,495 shares of the company’s stock after purchasing an additional 6,279 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $10,850,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Trifecta Capital Advisors LLC grew its holdings in shares of L3Harris Technologies by 1.2% during the third quarter. Trifecta Capital Advisors LLC now owns 16,609 shares of the company’s stock valued at $3,933,000 after buying an additional 193 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of L3Harris Technologies by 3.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 26,412 shares of the company’s stock worth $6,254,000 after acquiring an additional 889 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of L3Harris Technologies by 12.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 5,766 shares of the company’s stock worth $1,387,000 after acquiring an additional 654 shares during the last quarter. Canal Insurance CO lifted its position in L3Harris Technologies by 20.8% in the 3rd quarter. Canal Insurance CO now owns 29,000 shares of the company’s stock valued at $6,867,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its position in L3Harris Technologies by 2.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,810 shares of the company’s stock valued at $665,000 after acquiring an additional 69 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $247.73 on Thursday. The firm has a 50-day moving average of $251.77 and a 200-day moving average of $288.08. The company has a market cap of $46.13 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.55 and a beta of 0.50. 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 one year low of $232.34 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results 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 net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $2.78 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts forecast that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LHX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. BNP Paribas Exane dropped their target price 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, The Goldman Sachs Group cut their target price on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $341.71.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.