Two Sigma Securities LLC Boosts Stake in L3Harris Technologies Inc $LHX

Two Sigma Securities LLC increased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 196.1% in the second quarter, Holdings Channel reports. The firm owned 5,522 shares of the company’s stock after acquiring an additional 3,657 shares during the period. Two Sigma Securities LLC’s holdings in L3Harris Technologies were worth $1,605,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. REAP Financial Group LLC increased its position in shares of L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after acquiring an additional 29 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in L3Harris Technologies by 5.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after purchasing an additional 30 shares during the period. Keudell Morrison Wealth Management boosted its position in L3Harris Technologies by 0.7% during the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after purchasing an additional 31 shares during the period. Prestige Wealth Management Group LLC increased its holdings in L3Harris Technologies by 25.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares in the last quarter. Finally, Beacon Investment Advisors LLC increased its holdings in L3Harris Technologies by 0.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock valued at $2,306,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 0.2%

NYSE LHX opened at $263.31 on Monday. L3Harris Technologies Inc has a 12 month low of $258.54 and a 12 month high of $379.23. 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 capitalization of $49.03 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. The company’s fifty day moving average price is $285.55 and its two-hundred day moving average price is $317.57.

L3Harris Technologies (NYSE:LHX) last issued 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 return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the business earned $2.78 EPS. The business’s quarterly 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, research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein lowered their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. BNP Paribas Exane decreased their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. UBS Group lowered 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. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Susquehanna reduced their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $360.45.

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.