National Pension Service Grows Stake in L3Harris Technologies Inc $LHX

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

Several other hedge funds have also made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the 4th quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies in the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new stake in L3Harris Technologies in the fourth quarter worth about $25,000. NBH Bank bought a new position in L3Harris Technologies during the 2nd quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC grew its holdings in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LHX has been the subject of several recent research reports. Susquehanna reduced their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Wednesday, August 26th. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Down 0.8%

Shares of L3Harris Technologies stock opened at $248.35 on Friday. L3Harris Technologies Inc has a 52-week low of $246.51 and a 52-week high of $379.23. The firm’s 50 day moving average price is $279.54 and its 200-day moving average price is $311.88. 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 company has a market cap of $46.25 billion, a P/E ratio of 25.09, a PEG ratio of 1.60 and a beta of 0.50.

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

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

About L3Harris Technologies

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.