2,379 Shares in L3Harris Technologies Inc $LHX Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC bought a new stake in L3Harris Technologies Inc (NYSE:LHX) during the third quarter, Holdings Channel reports. The institutional investor bought 2,379 shares of the company’s stock, valued at approximately $563,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howland Capital Management LLC raised its holdings in shares of L3Harris Technologies by 11.7% in the third quarter. Howland Capital Management LLC now owns 2,957 shares of the company’s stock valued at $700,000 after buying an additional 309 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of L3Harris Technologies by 0.6% during the third quarter. Brookstone Capital Management now owns 10,857 shares of the company’s stock worth $2,571,000 after buying an additional 63 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of L3Harris Technologies by 19.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,130 shares of the company’s stock worth $268,000 after buying an additional 182 shares during the last quarter. McCarley & Cook Financial Planners purchased a new position in shares of L3Harris Technologies during the third quarter worth about $39,000. Finally, Foster Victor Wealth Advisors LLC increased its position in L3Harris Technologies by 16.4% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 44,495 shares of the company’s stock valued at $10,850,000 after acquiring an additional 6,279 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 2.6%

LHX stock opened at $253.89 on Friday. The stock has a market capitalization of $47.28 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.55 and a beta of 0.50. The company has a fifty day moving average of $251.07 and a 200-day moving average of $287.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies Inc has a one year low of $232.34 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.89 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Weiss Ratings downgraded L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. The Goldman Sachs Group lowered their target price on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Guggenheim assumed coverage on L3Harris Technologies in a report on Monday, September 14th. They issued a “buy” rating and a $365.00 target price on the stock. Finally, UBS Group cut their price target 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 equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $341.71.

L3Harris Technologies Profile

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.