EP Wealth Advisors LLC Has $6.18 Million Stock Holdings in L3Harris Technologies Inc $LHX

EP Wealth Advisors LLC trimmed its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 14.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,252 shares of the company’s stock after selling 3,552 shares during the quarter. EP Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $6,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in L3Harris Technologies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company’s stock worth $6,872,710,000 after buying an additional 190,955 shares in the last quarter. BlackRock Inc. acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $5,525,806,000. Capital World Investors lifted its holdings in shares of L3Harris Technologies by 2.9% during the 4th quarter. Capital World Investors now owns 11,645,419 shares of the company’s stock worth $3,418,747,000 after acquiring an additional 329,910 shares during the period. State Street Corp lifted its holdings in shares of L3Harris Technologies by 1.6% during the 4th quarter. State Street Corp now owns 8,919,368 shares of the company’s stock worth $2,618,459,000 after acquiring an additional 141,442 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of L3Harris Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company’s stock valued at $1,505,444,000 after acquiring an additional 106,430 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LHX shares. Susquehanna lowered their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. BNP Paribas Exane lowered their price objective 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. UBS Group dropped their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $365.00.

L3Harris Technologies Trading Down 1.3%

Shares of L3Harris Technologies stock opened at $267.03 on Friday. L3Harris Technologies Inc has a 12-month low of $262.68 and a 12-month high of $379.23. The stock has a market capitalization of $49.72 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.51. The company has a 50-day simple moving average of $289.65 and a 200 day simple moving average of $320.67. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s payout ratio is presently 50.51%.

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.