M Holdings Securities Inc. Buys New Shares in L3Harris Technologies Inc $LHX

M Holdings Securities Inc. purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,128 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Planning Partners Inc. increased its position in L3Harris Technologies by 2.6% during the third quarter. Avantax Planning Partners Inc. now owns 1,796 shares of the company’s stock valued at $425,000 after acquiring an additional 46 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of L3Harris Technologies by 5.5% in the 3rd quarter. Brighton Jones LLC now owns 4,143 shares of the company’s stock worth $981,000 after acquiring an additional 216 shares during the last quarter. Rayburn West Financial Services LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter worth about $343,000. Ethic Inc. lifted its holdings in shares of L3Harris Technologies by 6.7% in the 3rd quarter. Ethic Inc. now owns 19,296 shares of the company’s stock worth $4,569,000 after acquiring an additional 1,215 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of L3Harris Technologies by 53.8% during the 3rd quarter. 180 Wealth Advisors LLC now owns 1,661 shares of the company’s stock worth $393,000 after purchasing an additional 581 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen cut their price target on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Citigroup initiated coverage on shares of L3Harris Technologies in a research note on Monday. They issued a “buy” rating and a $348.00 price objective for the company. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Guggenheim began coverage on L3Harris Technologies in a research note on Monday, September 14th. They set a “buy” rating and a $365.00 target price on the stock. Finally, Melius Research cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $340.93.

L3Harris Technologies Stock Up 0.1%

NYSE:LHX opened at $276.28 on Thursday. L3Harris Technologies Inc has a twelve month low of $232.34 and a twelve month high of $379.23. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.69 and a beta of 0.47. The stock has a fifty day simple moving average of $250.79 and a 200-day simple moving average of $302.01. 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 (NYSE:LHX) last issued its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.33. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts anticipate that L3Harris Technologies Inc will post 12.10 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s dividend payout ratio is currently 46.64%.

L3Harris Technologies Company 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.