Norris Perne & French LLP MI Makes New $952,000 Investment in L3Harris Technologies Inc $LHX

Norris Perne & French LLP MI acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 4,020 shares of the company’s stock, valued at approximately $952,000.

Other hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC boosted its holdings in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after purchasing an additional 74 shares during the period. NBH Bank bought a new stake in shares of L3Harris Technologies in the second quarter worth about $26,000. Elevation Wealth Partners LLC grew its stake in shares of L3Harris Technologies by 80.0% in the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock worth $29,000 after purchasing an additional 44 shares during the last quarter. Bell Investment Advisors Inc purchased a new position in L3Harris Technologies during the 2nd quarter valued at about $33,000. Finally, Archer Investment Corp purchased a new position in L3Harris Technologies during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $253.68 on Friday. L3Harris Technologies Inc has a 1 year low of $232.34 and a 1 year high of $379.23. 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 50-day moving average is $250.31 and its 200 day moving average is $287.12. The stock has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $2.78 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts expect that L3Harris Technologies Inc will post 11.89 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LHX shares. Wall Street Zen cut L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Guggenheim initiated coverage on L3Harris Technologies in a research note on Monday, September 14th. They set a “buy” rating and a $365.00 target price on the stock. Jefferies Financial Group downgraded L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Wednesday, August 26th. Finally, Melius Research lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $341.71.

About L3Harris Technologies

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.