SVB Wealth LLC Decreases Stake in L3Harris Technologies Inc $LHX

SVB Wealth LLC cut its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,869 shares of the company’s stock after selling 3,313 shares during the quarter. SVB Wealth LLC’s holdings in L3Harris Technologies were worth $4,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LHX. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $25,000. NBH Bank purchased a new stake in shares of L3Harris Technologies in the 2nd quarter valued at approximately $26,000. Finally, Cedar Mountain Advisors LLC raised its holdings in shares of L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LHX shares. Melius Research cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Susquehanna cut their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. UBS Group decreased their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, BNP Paribas Exane lowered their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Down 0.4%

LHX stock opened at $255.49 on Wednesday. The stock has a market cap of $47.57 billion, a P/E ratio of 25.81, a PEG ratio of 1.64 and a beta of 0.50. 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 twelve month low of $253.30 and a twelve month high of $379.23. The company’s 50 day moving average is $281.43 and its two-hundred day moving average is $313.39.

L3Harris Technologies (NYSE:LHX) last issued its 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 business had revenue of $5.88 billion during 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%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $1.25 dividend. 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 2.0%. L3Harris Technologies’s payout ratio is 50.51%.

L3Harris Technologies Profile

L3Harris Technologies, Inc (NYSE:LHX) is a global aerospace and defense technology company that develops products and systems for government, defense and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space missions, missile defense, aviation and other critical national-security applications.

The company produces tactical radios and networking equipment, secure communications systems, electro-optical and infrared sensors, space payloads and systems, aircraft mission equipment, electronic-warfare technologies, and integrated command-and-control solutions.