Jupiter Topco LLC Takes Position in L3Harris Technologies Inc $LHX

Jupiter Topco LLC bought a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 145,576 shares of the company’s stock, valued at approximately $42,297,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC increased its stake in L3Harris Technologies by 12.9% in the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after acquiring an additional 29 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after purchasing an additional 30 shares during the last quarter. Keudell Morrison Wealth Management grew 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 buying an additional 31 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in L3Harris Technologies by 25.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock worth $47,000 after buying an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC increased its holdings in shares of L3Harris Technologies by 0.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock worth $2,306,000 after buying an additional 34 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LHX. Susquehanna dropped their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Sanford C. Bernstein reduced their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. UBS Group lowered their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. BNP Paribas Exane dropped their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Trading Down 0.4%

LHX stock opened at $261.78 on Friday. The company has a market capitalization of $48.75 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a one year low of $258.54 and a one year high of $379.23. The company’s 50 day moving average price is $286.18 and its two-hundred day moving average price is $318.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18.

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, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the company earned $2.78 EPS. The firm’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. As a group, analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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