L3Harris Technologies Inc $LHX Stock: Robeco Institutional Asset Management B.V. Lowers Holdings

Robeco Institutional Asset Management B.V. trimmed its position in L3Harris Technologies Inc (NYSE:LHX) by 17.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 190,927 shares of the company’s stock after selling 40,970 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in L3Harris Technologies were worth $45,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LHX. Hunter Associates Investment Management LLC increased its position in shares of L3Harris Technologies by 1.6% during the first quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock worth $763,000 after purchasing an additional 34 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of L3Harris Technologies by 1.9% in the 1st quarter. OLD National Bancorp IN now owns 1,908 shares of the company’s stock worth $659,000 after purchasing an additional 35 shares in the last quarter. Miller Global Investments LLC boosted its position in shares of L3Harris Technologies by 34.0% in the 2nd quarter. Miller Global Investments LLC now owns 138 shares of the company’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of L3Harris Technologies by 3.6% in the 1st quarter. AdvisorNet Financial Inc now owns 1,030 shares of the company’s stock worth $356,000 after purchasing an additional 36 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in L3Harris Technologies by 10.2% during the 1st quarter. Pinnacle Bancorp Inc. now owns 390 shares of the company’s stock worth $135,000 after buying an additional 36 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 2.6%

L3Harris Technologies stock opened at $253.89 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The business’s 50-day simple moving average is $251.07 and its two-hundred day simple moving average is $287.36. The company has a market cap of $47.28 billion, a PE ratio of 21.70, a PEG ratio of 1.55 and a beta of 0.50. L3Harris Technologies Inc has a fifty-two week low of $232.34 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period 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. Equities analysts anticipate that L3Harris Technologies Inc will post 11.89 EPS for the current year.

Analysts Set New Price Targets

LHX has been the topic of several recent analyst reports. Melius Research lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group lowered their price target on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating for the company in a report on Monday, October 12th. BNP Paribas Exane dropped 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. 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 for the company in a research report on Thursday, October 15th. Finally, TD Cowen lowered their target price on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Two 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 company’s stock. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $341.71.

L3Harris Technologies Company 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.