2,585 Shares of L3Harris Technologies Inc $LHX Bought by Ridgewood Investments LLC

Ridgewood Investments LLC bought a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) in the third quarter, Holdings Channel.com reports. The firm bought 2,585 shares of the company’s stock, valued at approximately $612,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Doliver Advisors LP grew its holdings in L3Harris Technologies by 13.9% in the 3rd quarter. Doliver Advisors LP now owns 6,517 shares of the company’s stock worth $1,543,000 after buying an additional 797 shares in the last quarter. Stonebridge Financial Group LLC increased its position in L3Harris Technologies by 4.6% in the 3rd quarter. Stonebridge Financial Group LLC now owns 19,974 shares of the company’s stock valued at $4,729,000 after acquiring an additional 879 shares during the period. Parrish Capital LLC raised its stake in L3Harris Technologies by 12.2% during the 3rd quarter. Parrish Capital LLC now owns 5,180 shares of the company’s stock valued at $1,227,000 after acquiring an additional 565 shares in the last quarter. State Street Corp raised its stake in L3Harris Technologies by 2.9% during the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after acquiring an additional 252,662 shares in the last quarter. Finally, Wellington Altus USA Inc. acquired a new position in L3Harris Technologies during the 2nd quarter worth $88,000. Institutional investors own 84.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LHX shares. 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 research note on Thursday, July 30th. 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, August 26th. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating for the company in a report on Wednesday, September 23rd. UBS Group decreased their target price 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. Finally, Guggenheim initiated coverage on shares of L3Harris Technologies in a research note on Monday, September 14th. They set a “buy” rating and a $365.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.92.

L3Harris Technologies Price Performance

Shares of LHX traded up $0.55 during midday trading on Monday, reaching $237.15. The stock had a trading volume of 1,273,527 shares, compared to its average volume of 1,508,960. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market capitalization of $44.16 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.51 and a beta of 0.50. The firm’s 50 day moving average price is $264.22 and its 200-day moving average price is $298.42. L3Harris Technologies Inc has a 52 week low of $234.01 and a 52 week high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the company earned $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, analysts forecast that L3Harris Technologies Inc will post 11.91 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

About L3Harris Technologies

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.