NEOS Investment Management LLC Increases Stock Position in L3Harris Technologies Inc $LHX

NEOS Investment Management LLC raised its position in L3Harris Technologies Inc (NYSE:LHX) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,197 shares of the company’s stock after acquiring an additional 3,898 shares during the quarter. NEOS Investment Management LLC’s holdings in L3Harris Technologies were worth $8,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AXQ Capital LP bought a new stake in shares of L3Harris Technologies in the second quarter worth about $4,065,000. Continuum Advisory LLC raised its position in L3Harris Technologies by 6.3% during the 2nd quarter. Continuum Advisory LLC now owns 1,154 shares of the company’s stock valued at $335,000 after purchasing an additional 68 shares during the last quarter. Nykredit A S purchased a new stake in L3Harris Technologies in the 2nd quarter worth approximately $17,000,000. Twin Lakes Capital Management LLC lifted its holdings in L3Harris Technologies by 0.3% in the 2nd quarter. Twin Lakes Capital Management LLC now owns 14,195 shares of the company’s stock worth $4,125,000 after buying an additional 38 shares during the period. Finally, PFG Private Wealth Management LLC grew its position in shares of L3Harris Technologies by 10.0% in the 2nd quarter. PFG Private Wealth Management LLC now owns 813 shares of the company’s stock worth $236,000 after buying an additional 74 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LHX shares. Jefferies Financial Group downgraded L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Wednesday, August 26th. UBS Group reduced their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock 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. BNP Paribas Exane decreased their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Stock Down 2.2%

Shares of NYSE:LHX opened at $256.45 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $282.78 and a two-hundred day simple moving average of $314.92. L3Harris Technologies Inc has a 12-month low of $256.05 and a 12-month high of $379.23. The stock has a market capitalization of $47.75 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.64 and a beta of 0.50.

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 the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

About L3Harris Technologies

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.