L3Harris Technologies Inc $LHX Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,686 shares of the company’s stock after acquiring an additional 2,057 shares during the period. Natixis Advisors LLC’s holdings in L3Harris Technologies were worth $58,915,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LHX. Victory Capital Management Inc. grew its stake in shares of L3Harris Technologies by 1,053.9% during the third quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock valued at $360,964,000 after acquiring an additional 1,079,474 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of L3Harris Technologies during the third quarter valued at about $211,703,000. Two Sigma Investments LP grew its stake in shares of L3Harris Technologies by 560.7% during the third quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock valued at $187,609,000 after acquiring an additional 521,312 shares in the last quarter. M&T Bank Corp grew its stake in shares of L3Harris Technologies by 3,127.8% during the fourth quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock valued at $119,994,000 after acquiring an additional 396,077 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of L3Harris Technologies by 42.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,101,285 shares of the company’s stock valued at $336,343,000 after acquiring an additional 325,963 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Down 1.4%

NYSE:LHX opened at $303.78 on Thursday. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50. L3Harris Technologies Inc has a one year low of $237.56 and a one year high of $379.23. The stock has a 50-day simple moving average of $328.61 and a 200 day simple moving average of $326.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. L3Harris Technologies’s quarterly revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts predict that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $354.75.

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.