NEOS Investment Management LLC Boosts Stake in L3Harris Technologies Inc $LHX

NEOS Investment Management LLC lifted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,197 shares of the company’s stock after buying an additional 3,898 shares during the period. NEOS Investment Management LLC’s holdings in L3Harris Technologies were worth $8,775,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Allstate Corp lifted its holdings in shares of L3Harris Technologies by 106.7% during the 4th quarter. Allstate Corp now owns 13,985 shares of the company’s stock valued at $4,106,000 after buying an additional 7,219 shares during the period. Meeder Advisory Services Inc. bought a new stake in shares of L3Harris Technologies in the second quarter worth $1,397,000. Swiss National Bank increased its position in L3Harris Technologies by 7.1% during the first quarter. Swiss National Bank now owns 549,029 shares of the company’s stock valued at $189,497,000 after acquiring an additional 36,320 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in L3Harris Technologies by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company’s stock valued at $531,416,000 after acquiring an additional 110,423 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in L3Harris Technologies by 23.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock worth $64,920,000 after purchasing an additional 41,414 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Down 2.2%

Shares of L3Harris Technologies stock opened at $256.45 on Friday. The company has a market capitalization of $47.75 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company has a fifty day moving average of $282.78 and a 200 day moving average of $314.92. L3Harris Technologies Inc has a fifty-two week low of $256.05 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted 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. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last 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, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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

Analyst Ratings Changes

LHX has been the subject of a number of recent research reports. UBS Group cut their price target on 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 objective on the stock. in a report on Wednesday, August 26th. Susquehanna cut their target price 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. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.