Pacer Advisors Inc. Has $4.66 Million Position in L3Harris Technologies Inc $LHX

Pacer Advisors Inc. cut its holdings in L3Harris Technologies Inc (NYSE:LHX) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,489 shares of the company’s stock after selling 5,321 shares during the quarter. Pacer Advisors Inc.’s holdings in L3Harris Technologies were worth $4,656,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new stake in L3Harris Technologies in the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies during the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in L3Harris Technologies during the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC grew its position in shares of L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after buying an additional 74 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in shares of L3Harris Technologies during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $289.52 on Friday. 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 52 week low of $262.68 and a 52 week high of $379.23. The company’s 50 day moving average price is $295.31 and its two-hundred day moving average price is $325.86. The company has a market capitalization of $53.91 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 1.08 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts expect that L3Harris Technologies Inc will post 11.87 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies’s payout ratio is presently 50.51%.

Analysts Set New Price Targets

LHX has been the topic of a number of analyst reports. Susquehanna cut their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein decreased their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.00.

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.