Triton Financial Group Inc Purchases Shares of 5,823 L3Harris Technologies Inc $LHX

Triton Financial Group Inc acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,823 shares of the company’s stock, valued at approximately $1,692,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. REAP Financial Group LLC raised its holdings in L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after acquiring an additional 29 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in shares of L3Harris Technologies by 5.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after purchasing an additional 30 shares during the last quarter. Keudell Morrison Wealth Management increased its position in shares of L3Harris Technologies by 0.7% in the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock valued at $1,598,000 after purchasing an additional 31 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of L3Harris Technologies by 25.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC lifted its position in shares of L3Harris Technologies by 0.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock worth $2,306,000 after purchasing an additional 34 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on LHX. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research note on Wednesday. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. UBS Group decreased their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Sanford C. Bernstein lowered their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and an average price target of $360.45.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $261.78 on Friday. L3Harris Technologies Inc has a 12 month low of $258.54 and a 12 month high of $379.23. The firm has a market capitalization of $48.75 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.14 and a beta of 0.51. 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 $286.18 and its 200 day moving average price is $318.19.

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 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s payout ratio is presently 50.51%.

About L3Harris Technologies

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.