Rathbones Group PLC Acquires 3,210 Shares of L3Harris Technologies Inc $LHX

Rathbones Group PLC grew its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 123.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,814 shares of the company’s stock after purchasing an additional 3,210 shares during the period. Rathbones Group PLC’s holdings in L3Harris Technologies were worth $2,007,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Cedar Mountain Advisors LLC grew its holdings in shares of L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after purchasing an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies in the fourth quarter valued at about $25,000. Tower View Wealth Management LLC bought a new stake in L3Harris Technologies during the first quarter worth about $29,000. Fideuram Asset Management Ireland dac bought a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC acquired a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. 84.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on LHX. UBS Group decreased their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, BNP Paribas Exane lowered their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.00.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $285.00 on Wednesday. L3Harris Technologies Inc has a twelve month low of $262.68 and a twelve month high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $296.28 and its 200 day simple moving average is $326.64. The firm has a market capitalization of $53.07 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 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 the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm earned $2.78 earnings per share. The business’s quarterly 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. On average, analysts anticipate that L3Harris Technologies Inc will post 11.87 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

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.