Core Capital Management & Research inc. Buys Shares of 10,460 L3Harris Technologies Inc $LHX

Core Capital Management & Research inc. bought a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,460 shares of the company’s stock, valued at approximately $2,784,000. L3Harris Technologies accounts for approximately 1.5% of Core Capital Management & Research inc.’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC lifted its holdings in L3Harris Technologies by 10.7% in the second quarter. Sequoia Financial Advisors LLC now owns 66,606 shares of the company’s stock worth $19,355,000 after acquiring an additional 6,414 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of L3Harris Technologies by 43.4% during the second quarter. MCF Advisors LLC now owns 486 shares of the company’s stock valued at $141,000 after purchasing an additional 147 shares during the last quarter. National Pension Service raised its position in shares of L3Harris Technologies by 4.3% during the 2nd quarter. National Pension Service now owns 315,625 shares of the company’s stock worth $91,717,000 after purchasing an additional 12,951 shares during the period. Engineers Gate Manager LP raised its position in shares of L3Harris Technologies by 409.7% during the 2nd quarter. Engineers Gate Manager LP now owns 13,029 shares of the company’s stock worth $3,786,000 after purchasing an additional 10,473 shares during the period. Finally, Capital Analysts LLC lifted its holdings in shares of L3Harris Technologies by 1.9% in the 2nd quarter. Capital Analysts LLC now owns 54,905 shares of the company’s stock worth $15,955,000 after purchasing an additional 1,019 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Down 2.0%

Shares of L3Harris Technologies stock opened at $250.72 on Thursday. The business’s fifty day moving average price is $280.60 and its two-hundred day moving average price is $312.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market capitalization of $46.69 billion, a P/E ratio of 25.32, a PEG ratio of 1.63 and a beta of 0.50. L3Harris Technologies Inc has a 1-year low of $250.28 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Wednesday, July 29th. The company reported $3.13 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 analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. L3Harris Technologies’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts forecast that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

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 given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 50.51%.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Major PAC-3 contract: L3Harris received a $4.7 billion, seven-year contract from Lockheed Martin to produce propulsion systems for PAC-3 Missile Segment Enhancement interceptors. The award is the company’s largest PAC-3 propulsion contract to date and should provide substantial backlog visibility, supporting missile-defense revenue and planned manufacturing-capacity expansion. L3Harris PAC-3 propulsion contract
• Positive Sentiment: Counter-drone opportunity: The U.S. Navy selected L3Harris’ VAMPIRE system for littoral counter-drone defense. The decision strengthens the company’s position in the growing counter-unmanned-aircraft market and could lead to additional procurement opportunities. U.S. Navy selects L3Harris VAMPIRE
• Positive Sentiment: Solid operating performance: L3Harris’ latest reported quarter exceeded expectations, with earnings of $3.13 per share versus a $2.80 consensus estimate and revenue of $5.88 billion versus $5.81 billion expected. Revenue increased 8.4% year over year, while full-year 2026 EPS guidance is $11.80-$12.00. L3Harris contract and quarterly growth
• Neutral Sentiment: Management’s presentation at the Jefferies Global Industrials Conference may provide additional detail on program execution, demand and guidance, but no material new financial target is identified in the supplied information. L3Harris Jefferies conference transcript
• Negative Sentiment: Analyst downgrade: Melius Research cut LHX from “Buy” to “Hold,” potentially limiting near-term upside after the recent defense-contract gains.
• Negative Sentiment: Legal overhang: Pomerantz LLP announced an investigation into potential claims on behalf of L3Harris investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk. Pomerantz L3Harris investor investigation

Wall Street Analysts Forecast Growth

LHX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Melius Research downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. BNP Paribas Exane lowered their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Susquehanna cut their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $360.45.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.