Signal Advisors Wealth LLC Buys 3,325 Shares of L3Harris Technologies Inc $LHX

Signal Advisors Wealth LLC lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 34.7% during the 3rd quarter, Holdings Channel reports. The fund owned 12,899 shares of the company’s stock after buying an additional 3,325 shares during the quarter. Signal Advisors Wealth LLC’s holdings in L3Harris Technologies were worth $3,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. NBH Bank purchased a new stake in shares of L3Harris Technologies in the second quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its position in 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 last quarter. Abound Financial LLC acquired a new stake in L3Harris Technologies during the fourth quarter worth about $29,000. Tower View Wealth Management LLC purchased a new position in L3Harris Technologies during the first quarter worth about $29,000. Finally, Elevation Wealth Partners LLC raised its stake in L3Harris Technologies by 80.0% during 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 period. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

NYSE:LHX opened at $237.56 on Thursday. L3Harris Technologies Inc has a 52 week low of $232.34 and a 52 week high of $379.23. The stock’s fifty day moving average is $255.99 and its two-hundred day moving average is $291.66. The company has a market capitalization of $44.24 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.50 and a beta of 0.50. 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 released 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. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts expect that L3Harris Technologies Inc will post 11.89 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LHX shares. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Guggenheim started coverage on shares of L3Harris Technologies in a research note on Monday, September 14th. They issued a “buy” rating and a $365.00 price target for the company. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Wednesday, August 26th. TD Cowen cut their price target on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $348.86.

Key Headlines Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: VAMPIRE deliveries and contract momentum: L3Harris delivered its first VAMPIRE counter-drone systems to the U.S. Army. The deliveries, alongside reported THAAD and counter-drone contract wins, reinforce the company’s position in rapidly growing air-defense markets and could support future revenue visibility. L3Harris Delivers First VAMPIRE Units to US Army
• Positive Sentiment: Expanded affordable-munitions production: L3Harris signed a teaming agreement with advanced manufacturer Divergent to increase production of Wolfpack/Wolf affordable mass munitions. The partnership could improve manufacturing scalability and strengthen L3Harris’s exposure to defense customers seeking lower-cost, high-volume systems. L3Harris and Divergent Sign Teaming Agreement
• Positive Sentiment: Additional U.S. Army opportunities: L3Harris is set to provide night-vision systems to the Army and successfully demonstrated the first Red Wolf flight from an MH-60. These developments support its pipeline across military aviation, sensing and battlefield technology. L3Harris to Provide Night-Vision Systems
• Positive Sentiment: Valuation and analyst support: A market analysis suggested LHX could be about 44% undervalued following VAMPIRE deliveries, while Goldman Sachs maintained a Buy rating. These views may help investor confidence after the stock’s recent weakness. Goldman Sachs Remains a Buy on L3Harris
• Neutral Sentiment: R&D investment: Continued spending on flexible defense technologies is intended to address changing customer requirements and expand aerospace and national-security opportunities. The longer-term benefits are promising, but near-term earnings effects are uncertain. How L3Harris R&D Spending Is Driving Innovation
• Negative Sentiment: Relative performance remains a concern: Although LHX shares moved higher, they underperformed competing defense stocks Wednesday, suggesting investors may still be cautious about valuation, execution or the company’s outlook despite its contract wins. L3Harris Stock Underperforms Competitors

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.