Renasant Bank Purchases Shares of 3,016 L3Harris Technologies Inc $LHX

Renasant Bank acquired a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,016 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds have also modified their holdings of the stock. REAP Financial Group LLC raised its holdings in shares of L3Harris Technologies by 12.9% during the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after acquiring an additional 29 shares during the period. CYBER HORNET ETFs LLC boosted its stake in L3Harris Technologies by 5.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after purchasing an additional 30 shares during the period. Keudell Morrison Wealth Management boosted its stake in L3Harris Technologies by 0.7% in the 1st 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 during the period. Prestige Wealth Management Group LLC grew its position in L3Harris Technologies by 25.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC grew its position in L3Harris Technologies by 0.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock worth $2,306,000 after purchasing an additional 34 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $266.53 on Tuesday. The firm has a fifty day simple moving average of $285.16 and a 200-day simple moving average of $317.02. 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 Inc has a 1-year low of $258.54 and a 1-year high of $379.23. The stock has a market capitalization of $49.63 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.14 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results 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. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company 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 business posted $2.78 earnings per share. The firm’s revenue 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. On average, sell-side analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

A number of brokerages have commented on LHX. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Sanford C. Bernstein dropped their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Susquehanna reduced 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 report on Friday, July 31st. BNP Paribas Exane decreased their price target 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. Finally, UBS Group lowered their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Two research 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’s stock. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies 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.