National Pension Service Purchases 12,951 Shares of L3Harris Technologies Inc $LHX

National Pension Service boosted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 4.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 315,625 shares of the company’s stock after buying an additional 12,951 shares during the period. National Pension Service owned 0.17% of L3Harris Technologies worth $91,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LHX. Cedar Mountain Advisors LLC grew its position in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after purchasing an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies in the 4th quarter worth approximately $25,000. Tower View Wealth Management LLC purchased a new position in L3Harris Technologies in the 1st quarter worth approximately $29,000. Fideuram Asset Management Ireland dac bought a new position in L3Harris Technologies in the 4th quarter worth approximately $25,000. Finally, Motiv8 Investments LLC bought a new position in shares of L3Harris Technologies during the fourth quarter worth $25,000. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $248.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $279.54 and its two-hundred day moving average is $311.88. L3Harris Technologies Inc has a 52 week low of $246.51 and a 52 week high of $379.23. The company has a market capitalization of $46.25 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.60 and a beta of 0.50.

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

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LHX. BNP Paribas Exane cut their target price on shares of 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 reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna cut their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Profile

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.