Strategic Planning Group LLC Purchases New Stake in L3Harris Technologies Inc $LHX

Strategic Planning Group LLC acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,379 shares of the company’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBH Bank acquired a new position in shares of L3Harris Technologies during the second quarter worth $26,000. Cedar Mountain Advisors LLC raised its stake in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. Tower View Wealth Management LLC acquired a new stake in L3Harris Technologies in the first quarter valued at $29,000. Elevation Wealth Partners LLC lifted its holdings in L3Harris Technologies by 80.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock worth $29,000 after buying an additional 44 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in L3Harris Technologies during the 2nd quarter worth about $33,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on LHX shares. Guggenheim initiated coverage on L3Harris Technologies in a research report on Monday, September 14th. They set a “buy” rating and a $365.00 price objective for the company. Weiss Ratings lowered L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Argus cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 25th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Finally, Royal Bank Of Canada lowered their price target on L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $341.71.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $253.89 on Friday. L3Harris Technologies Inc has a 12 month low of $232.34 and a 12 month high of $379.23. The firm has a market capitalization of $47.28 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.55 and a beta of 0.50. 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’s fifty day moving average price is $251.07 and its 200 day moving average price is $287.36.

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, beating the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. L3Harris Technologies’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts predict that L3Harris Technologies Inc will post 11.89 earnings per share for the current fiscal year.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.