Peachtree Investment Partners LLC Invests $608,000 in L3Harris Technologies Inc $LHX

Peachtree Investment Partners LLC purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,092 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds have also added to or reduced their stakes in the company. Tulsa Wealth Advisors INC bought a new stake in L3Harris Technologies during the 2nd quarter worth about $331,000. Northstar Financial Companies Inc. acquired a new position in L3Harris Technologies during the 2nd quarter valued at about $342,000. Flputnam Investment Management Co. bought a new position in shares of L3Harris Technologies in the 2nd quarter valued at about $3,011,000. Global Retirement Partners LLC bought a new position in shares of L3Harris Technologies in the 2nd quarter valued at about $902,000. Finally, 1ST Source Bank acquired a new stake in shares of L3Harris Technologies during the 2nd quarter worth approximately $845,000. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Susquehanna dropped their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. UBS Group lowered their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Sanford C. Bernstein dropped their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. BNP Paribas Exane cut their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $365.00.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $291.62 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The stock has a market cap of $54.30 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The stock has a 50-day moving average of $292.85 and a 200-day moving average of $323.26. L3Harris Technologies Inc has a one year low of $262.68 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced 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 business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the company posted $2.78 EPS. 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. As a group, sell-side analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

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 issued a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is 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.