16,416 Shares in L3Harris Technologies Inc $LHX Acquired by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,416 shares of the company’s stock, valued at approximately $4,770,000.

Several other institutional investors and hedge funds have also made changes to their positions in LHX. Allstate Corp boosted its position in L3Harris Technologies by 106.7% in the fourth 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 last quarter. Swiss National Bank lifted its stake in L3Harris Technologies by 7.1% during the 1st 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 period. Northwestern Mutual Wealth Management Co. lifted its stake in L3Harris Technologies by 23.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock valued at $64,920,000 after acquiring an additional 41,414 shares during the period. Atria Investments Inc boosted its holdings in shares of L3Harris Technologies by 77.9% in the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock valued at $4,345,000 after acquiring an additional 6,482 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of L3Harris Technologies by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company’s stock worth $531,416,000 after acquiring an additional 110,423 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $291.62 on Friday. The company has a market capitalization of $54.30 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. 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’s fifty day moving average price is $292.85 and its 200 day moving average price is $323.48. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current 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 paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LHX shares. Sanford C. Bernstein decreased their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Susquehanna reduced their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. UBS Group lowered their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

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.