L3Harris Technologies Inc $LHX Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 20.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 153,148 shares of the company’s stock after buying an additional 26,450 shares during the period. Thornburg Investment Management Inc.’s holdings in L3Harris Technologies were worth $44,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. REAP Financial Group LLC increased its position in L3Harris Technologies by 12.9% in the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after acquiring an additional 29 shares during the period. CYBER HORNET ETFs LLC raised its stake in L3Harris Technologies by 5.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after acquiring an additional 30 shares during the last quarter. Keudell Morrison Wealth Management lifted its position in L3Harris Technologies by 0.7% during the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after acquiring an additional 31 shares during the period. Prestige Wealth Management Group LLC lifted its position in L3Harris Technologies by 25.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock worth $47,000 after acquiring an additional 32 shares during the period. Finally, Beacon Investment Advisors LLC grew its stake 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 valued at $2,306,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LHX. Susquehanna dropped their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane decreased their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday. Finally, UBS Group cut their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $360.45.

L3Harris Technologies Stock Up 0.5%

L3Harris Technologies stock opened at $263.31 on Friday. The stock’s 50 day moving average price is $285.55 and its 200 day moving average price is $317.80. L3Harris Technologies Inc has a 1-year low of $258.54 and a 1-year high of $379.23. The company has a market cap of $49.03 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm 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 business posted $2.78 earnings per share. L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

L3Harris Technologies Company 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.