2,070 Shares in L3Harris Technologies Inc $LHX Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. purchased a new position in L3Harris Technologies Inc (NYSE:LHX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,070 shares of the company’s stock, valued at approximately $490,000.

Several other hedge funds have also recently bought and sold shares of the company. Keudell Morrison Wealth Management boosted its position in L3Harris Technologies by 0.7% during the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after purchasing an additional 31 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in L3Harris Technologies by 1.6% in the first quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock valued at $763,000 after purchasing an additional 34 shares during the last quarter. OLD National Bancorp IN increased its position in shares of L3Harris Technologies by 1.9% in the first quarter. OLD National Bancorp IN now owns 1,908 shares of the company’s stock valued at $659,000 after buying an additional 35 shares in the last quarter. Miller Global Investments LLC increased its position in shares of L3Harris Technologies by 34.0% in the second quarter. Miller Global Investments LLC now owns 138 shares of the company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of L3Harris Technologies by 3.6% in the first quarter. AdvisorNet Financial Inc now owns 1,030 shares of the company’s stock valued at $356,000 after buying an additional 36 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LHX. Royal Bank Of Canada decreased their price objective on shares of L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. TD Cowen dropped their target price on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a report on Friday, October 9th. Argus downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Guggenheim assumed coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They set a “buy” rating and a $365.00 target price for the company. Finally, Susquehanna reduced their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $341.71.

L3Harris Technologies Price Performance

L3Harris Technologies stock traded up $4.69 during mid-day trading on Tuesday, hitting $248.53. 872,951 shares of the company were exchanged, compared to its average volume of 1,514,930. 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 business’s 50 day simple moving average is $253.35 and its two-hundred day simple moving average is $289.59. The company has a market capitalization of $46.28 billion, a P/E ratio of 25.11, a PEG ratio of 1.59 and a beta of 0.50. L3Harris Technologies Inc has a 12-month low of $232.34 and a 12-month high of $379.23.

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

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 50.51%.

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.