West Family Investments Inc. Makes New Investment in L3Harris Technologies Inc $LHX

West Family Investments Inc. purchased a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,434 shares of the company’s stock, valued at approximately $707,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. NBH Bank purchased a new position in shares of L3Harris Technologies in the 2nd quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LHX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Melius Research cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna lowered their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group downgraded L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Down 0.4%

NYSE:LHX traded down $0.96 on Tuesday, reaching $255.49. The stock had a trading volume of 1,479,653 shares, compared to its average volume of 1,491,224. The company has a 50-day moving average of $281.43 and a 200 day moving average of $313.39. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market cap of $47.57 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. L3Harris Technologies Inc has a 12-month low of $253.30 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion for 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 company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

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.