Trifecta Capital Advisors LLC Takes $4.77 Million Position in L3Harris Technologies Inc $LHX

Trifecta Capital Advisors LLC purchased a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,416 shares of the company’s stock, valued at approximately $4,770,000.

A number of other large investors also recently added to or reduced their stakes in LHX. Cedar Mountain Advisors LLC lifted its holdings in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of L3Harris Technologies during the fourth quarter worth about $25,000. Tower View Wealth Management LLC purchased a new stake in shares of L3Harris Technologies during the first quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of L3Harris Technologies during the 4th quarter worth about $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies during the 4th quarter worth about $25,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Susquehanna reduced their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. UBS Group decreased their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $365.00.

L3Harris Technologies Stock Up 1.1%

LHX stock opened at $291.62 on Friday. The company has a market cap of $54.30 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.09 and a beta of 0.51. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a 12 month low of $262.68 and a 12 month high of $379.23. The firm has a 50-day moving average of $292.85 and a two-hundred day moving average of $323.48.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) 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.