Caisse Des Depots ET Consignations purchased a new position in L3Harris Technologies Inc (NYSE:LHX – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,515 shares of the company’s stock, valued at approximately $1,619,000.
A number of other hedge funds also recently modified their holdings of LHX. Brighton Jones LLC increased its position in shares of L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after purchasing an additional 3,001 shares during the period. Jump Financial LLC increased its position in shares of L3Harris Technologies by 14.9% in the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after purchasing an additional 388 shares during the period. NewEdge Advisors LLC increased its position in shares of L3Harris Technologies by 14.2% in the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC bought a new position in shares of L3Harris Technologies in the second quarter worth $856,000. Finally, CIBC Asset Management Inc boosted its stake in L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock valued at $15,549,000 after buying an additional 33,321 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.
Key Stories Impacting L3Harris Technologies
Here are the key news stories impacting L3Harris Technologies this week:
- Positive Sentiment: Q1 results beat expectations — GAAP EPS $2.72 vs. consensus ~ $2.53 and revenue ~ $5.74B (up ~12% YoY); operating margin and organic growth improved, supporting near‑term profitability. Business Wire: Q1 Results
- Positive Sentiment: Strong weapons and missile demand boosted results — missile solutions revenue rose (~18%); orders of $7.8B and book‑to‑bill of 1.4x pushed backlog to a record ~$40.7B, supporting future revenue visibility. Reuters: Lifts 2026 Profit Forecast
- Positive Sentiment: Company confidentially filed a draft S‑1 for an IPO of its Missile Solutions unit — potential value realization and strategic optionality for shareholders if executed. Reuters: Missile Unit IPO Filing
- Neutral Sentiment: Management raised FY‑2026 EPS guidance to $11.40–$11.60, but the midpoint is slightly below some analyst consensus (introducing mixed reactions despite the raise). Zacks: Guidance Raised
- Negative Sentiment: Market reaction: shares sold off after the print — some investors focused on guidance being slightly light and on near‑term execution/uncertainty around the IPO timing, outweighing the beat for now. Barron’s: Stock Falls After Earnings
Insider Activity
Analyst Ratings Changes
Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their price objective on L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Finally, Citigroup raised their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $350.18.
Read Our Latest Analysis on L3Harris Technologies
L3Harris Technologies Stock Performance
NYSE:LHX opened at $313.58 on Friday. The stock’s 50-day simple moving average is $352.19 and its 200 day simple moving average is $323.34. The firm has a market capitalization of $58.57 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.62 and a beta of 0.51. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a twelve month low of $214.10 and a twelve month high of $379.23.
L3Harris Technologies (NYSE:LHX – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the firm posted $2.41 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, analysts anticipate that L3Harris Technologies Inc will post 11.53 EPS for the current fiscal year.
L3Harris Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 58.62%.
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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