Engineers Gate Manager LP Acquires 10,473 Shares of L3Harris Technologies Inc $LHX

Engineers Gate Manager LP increased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 409.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,029 shares of the company’s stock after purchasing an additional 10,473 shares during the quarter. Engineers Gate Manager LP’s holdings in L3Harris Technologies were worth $3,786,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of L3Harris Technologies by 27,873.4% in the second quarter. California State Teachers Retirement System now owns 83,761,115 shares of the company’s stock valued at $24,340,142,000 after buying an additional 83,461,684 shares during the period. BlackRock Inc. bought a new stake in L3Harris Technologies in the 2nd quarter valued at $5,525,806,000. Bank of New York Mellon Corp acquired a new position in L3Harris Technologies in the 2nd quarter worth $752,983,000. Artisan Partners Limited Partnership boosted its stake in L3Harris Technologies by 174.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock worth $557,933,000 after purchasing an additional 1,207,334 shares during the period. Finally, Deutsche Bank AG bought a new position in L3Harris Technologies during the 2nd quarter worth about $174,006,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on LHX shares. Weiss Ratings lowered L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Wednesday, August 26th. Susquehanna cut their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. 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 report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $360.45.

L3Harris Technologies Price Performance

NYSE:LHX opened at $245.42 on Friday. L3Harris Technologies Inc has a 52-week low of $244.76 and a 52-week high of $379.23. The company has a market cap of $45.70 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.57 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 stock’s 50-day simple moving average is $278.43 and its 200 day simple moving average is $311.41.

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

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors 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 dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

About L3Harris Technologies

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.