Stack Financial Management Inc Takes $41.30 Million Position in L3Harris Technologies Inc $LHX

Stack Financial Management Inc acquired a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 142,143 shares of the company’s stock, valued at approximately $41,305,000. L3Harris Technologies comprises approximately 3.2% of Stack Financial Management Inc’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies in the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies in the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth about $25,000. Cedar Mountain Advisors LLC grew its holdings in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after buying an additional 74 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of L3Harris Technologies during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein cut their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, BNP Paribas Exane reduced their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Two research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

L3Harris Technologies Trading Up 1.1%

NYSE LHX opened at $291.62 on Friday. L3Harris Technologies Inc has a 12 month low of $262.68 and a 12 month high of $379.23. The company has a 50-day moving average of $292.85 and a 200-day moving average of $323.48. 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 cap of $54.30 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.09 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share 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 business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm posted $2.78 EPS. The company’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, equities analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 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.