2,891 Shares in L3Harris Technologies Inc $LHX Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new position in L3Harris Technologies Inc (NYSE:LHX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,891 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC raised its stake in L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of L3Harris Technologies in the fourth quarter worth about $25,000. Tower View Wealth Management LLC acquired a new position in L3Harris Technologies during the first quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the 4th quarter valued at about $25,000. Finally, Motiv8 Investments LLC purchased a new position in L3Harris Technologies in the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LHX shares. UBS Group dropped their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Sanford C. Bernstein cut their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. BNP Paribas Exane decreased their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Susquehanna dropped their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $365.00.

L3Harris Technologies Stock Up 0.2%

L3Harris Technologies stock opened at $285.82 on Thursday. The company has a market capitalization of $53.22 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.51. 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 fifty-two week low of $262.68 and a fifty-two week high of $379.23. The firm has a 50 day moving average price of $295.81 and a 200 day moving average price of $326.26.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion for 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 firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that L3Harris Technologies Inc will post 11.87 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s payout ratio 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.