L3Harris Technologies Inc $LHX Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC trimmed its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 97.3% in the second quarter, HoldingsChannel reports. The firm owned 576 shares of the company’s stock after selling 20,393 shares during the period. Manning & Napier Advisors LLC’s holdings in L3Harris Technologies were worth $167,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LHX. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after acquiring an additional 3,001 shares during the last quarter. Jump Financial LLC boosted its stake in shares of L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock valued at $751,000 after acquiring an additional 388 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock valued at $4,285,000 after acquiring an additional 2,130 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in L3Harris Technologies during the 2nd quarter worth about $856,000. Finally, CIBC Asset Management Inc increased its position in L3Harris Technologies by 116.2% during the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after purchasing an additional 33,321 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LHX shares. BNP Paribas Exane reduced their target price on shares of 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 reissued a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.00.

L3Harris Technologies Stock Down 0.2%

Shares of NYSE LHX opened at $262.20 on Wednesday. The firm has a market cap of $48.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a 1 year low of $260.95 and a 1 year high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The stock’s 50-day simple moving average is $287.85 and its 200-day simple moving average is $319.37.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company had revenue of $5.88 billion for 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. L3Harris Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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 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 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.