Jupiter Topco LLC Makes New Investment in L3Harris Technologies Inc $LHX

Jupiter Topco LLC acquired a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 145,576 shares of the company’s stock, valued at approximately $42,297,000. Jupiter Topco LLC owned 0.08% of L3Harris Technologies as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in L3Harris Technologies in the second quarter worth $5,525,806,000. Bank of New York Mellon Corp acquired a new position in shares of L3Harris Technologies during the second quarter valued at about $752,983,000. Artisan Partners Limited Partnership raised its holdings in shares of L3Harris Technologies by 174.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock valued at $557,933,000 after purchasing an additional 1,207,334 shares during the period. Deutsche Bank AG bought a new position in shares of L3Harris Technologies during the 2nd quarter worth about $174,006,000. Finally, Two Sigma Investments LP boosted its position in shares of L3Harris Technologies by 560.7% during the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after purchasing an additional 521,312 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LHX. BNP Paribas Exane cut their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. UBS Group cut their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Performance

NYSE LHX opened at $261.78 on Friday. The company has a fifty day moving average price of $286.18 and a 200-day moving average price of $318.19. The firm has a market cap of $48.75 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. L3Harris Technologies Inc has a 1 year low of $258.54 and a 1 year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $2.78 earnings per share. The firm’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 research analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s payout ratio is presently 50.51%.

L3Harris Technologies Company Profile

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.