L3Harris Technologies Inc $LHX Shares Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 104.5% during the 2nd quarter, Holdings Channel reports. The fund owned 11,455 shares of the company’s stock after purchasing an additional 5,853 shares during the period. Quantitative Investment Management LLC’s holdings in L3Harris Technologies were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LHX. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC raised its position in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after acquiring an additional 74 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in L3Harris Technologies in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LHX. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. UBS Group decreased their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Wednesday. Susquehanna dropped their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Finally, BNP Paribas Exane cut their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Up 0.2%

Shares of LHX opened at $263.31 on Monday. The firm has a market cap of $49.03 billion, a P/E ratio of 26.60, a PEG ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a 12 month low of $258.54 and a 12 month high of $379.23. The stock’s 50 day moving average is $285.55 and its two-hundred day moving average is $317.57. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $2.78 EPS. The business’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. Analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 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.