West Family Investments Inc. Acquires Shares of 2,434 L3Harris Technologies Inc $LHX

West Family Investments Inc. bought a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the second quarter, HoldingsChannel reports. The firm bought 2,434 shares of the company’s stock, valued at approximately $707,000.

Other institutional investors have also made changes to their positions in the company. Allstate Corp lifted its holdings in L3Harris Technologies by 106.7% in the fourth quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after acquiring an additional 7,219 shares during the last quarter. Meeder Advisory Services Inc. acquired a new stake in shares of L3Harris Technologies during the 2nd quarter worth approximately $1,397,000. Swiss National Bank lifted its holdings in shares of L3Harris Technologies by 7.1% in the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after purchasing an additional 36,320 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in L3Harris Technologies by 23.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock valued at $64,920,000 after buying an additional 41,414 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in L3Harris Technologies by 6.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company’s stock worth $531,416,000 after purchasing an additional 110,423 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LHX shares. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Susquehanna decreased their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Finally, UBS Group reduced their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $360.45.

L3Harris Technologies Stock Down 0.4%

Shares of NYSE:LHX traded down $0.96 during trading on Tuesday, reaching $255.49. 1,479,653 shares of the company traded hands, compared to its average volume of 1,491,224. The firm has a fifty day simple moving average of $281.43 and a 200 day simple moving average of $313.39. The firm has a market cap of $47.57 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. L3Harris Technologies Inc has a 1-year low of $253.30 and a 1-year high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last posted its quarterly 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. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the business posted $2.78 earnings per share. L3Harris Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

L3Harris Technologies Company 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.