The Manufacturers Life Insurance Company Sells 45,720 Shares of L3Harris Technologies Inc $LHX

The Manufacturers Life Insurance Company lessened its holdings in L3Harris Technologies Inc (NYSE:LHX) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 440,115 shares of the company’s stock after selling 45,720 shares during the period. The Manufacturers Life Insurance Company’s holdings in L3Harris Technologies were worth $127,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in L3Harris Technologies during the second quarter worth $5,525,806,000. Capital World Investors grew its stake in L3Harris Technologies by 2.9% in the 4th quarter. Capital World Investors now owns 11,645,419 shares of the company’s stock valued at $3,418,747,000 after purchasing an additional 329,910 shares during the period. State Street Corp increased its position in shares of L3Harris Technologies by 1.6% during the 4th quarter. State Street Corp now owns 8,919,368 shares of the company’s stock valued at $2,618,459,000 after purchasing an additional 141,442 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of L3Harris Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company’s stock worth $1,505,444,000 after purchasing an additional 106,430 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of L3Harris Technologies by 3.9% in the 4th quarter. Morgan Stanley now owns 3,318,020 shares of the company’s stock worth $974,072,000 after buying an additional 124,797 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Price Performance

LHX opened at $262.20 on Wednesday. The firm has a 50-day moving average price of $287.85 and a 200-day moving average price of $319.37. L3Harris Technologies Inc has a twelve month low of $260.95 and a twelve month high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $48.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.14 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm earned $2.78 EPS. L3Harris Technologies’s revenue for the quarter was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LHX. 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 lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Susquehanna lowered their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. UBS Group dropped their price objective 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. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

L3Harris Technologies 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.