West Family Investments Inc. Buys New Holdings in L3Harris Technologies Inc $LHX

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

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 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the 4th quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC boosted 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 valued at $28,000 after acquiring an additional 74 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in L3Harris Technologies in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LHX shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. BNP Paribas Exane dropped their target price on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Susquehanna cut 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 decreased their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock 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 four have assigned a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $365.00.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $276.98 on Thursday. The stock has a market capitalization of $51.58 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23. The firm has a 50 day moving average of $291.30 and a 200-day moving average of $321.56.

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, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the firm posted $2.78 EPS. The business’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.8%. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

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.