2,722 L3Harris Technologies Inc $LHX Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in L3Harris Technologies Inc (NYSE:LHX) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,820 shares of the company’s stock after buying an additional 2,722 shares during the quarter. Kestra Advisory Services LLC’s holdings in L3Harris Technologies were worth $6,114,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. NBH Bank acquired a new position in L3Harris Technologies during the second quarter worth about $26,000. Elevation Wealth Partners LLC lifted its holdings in L3Harris Technologies by 80.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock valued at $29,000 after acquiring an additional 44 shares during the last quarter. John Boyer Inc. acquired a new stake in L3Harris Technologies in the 3rd quarter valued at about $31,000. Bell Investment Advisors Inc acquired a new stake in L3Harris Technologies in the 2nd quarter valued at about $33,000. Finally, Fiduciary Financial Advisors bought a new position in shares of L3Harris Technologies during the 2nd quarter valued at about $38,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

LHX stock opened at $276.28 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. L3Harris Technologies Inc has a one year low of $232.34 and a one year high of $379.23. The firm has a market capitalization of $51.44 billion, a PE ratio of 25.77, a P/E/G ratio of 1.69 and a beta of 0.47. The firm has a 50-day moving average of $250.79 and a two-hundred day moving average of $302.01.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the business earned $2.70 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that L3Harris Technologies Inc will post 12.10 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies’s payout ratio is 46.64%.

Analyst Ratings Changes

A number of analysts recently commented on LHX shares. Sanford C. Bernstein dropped their target price on shares of L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Deutsche Bank restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. UBS Group lifted their price target on shares of L3Harris Technologies from $264.00 to $293.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. TD Cowen dropped their price target on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $340.93.

L3Harris Technologies Profile

L3Harris Technologies is a defense and aerospace company that develops technology and systems for government and commercial customers. Its offerings include tactical communications, intelligence and surveillance systems, sensors, electronic warfare capabilities, space systems, and aviation technologies. The company also provides propulsion and related systems for defense and space applications through Aerojet Rocketdyne, which it acquired in 2023. Its products and services support missions including military communications, situational awareness, space operations, and national security.