West Family Investments Inc. Takes $707,000 Position in L3Harris Technologies Inc $LHX

West Family Investments Inc. acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,434 shares of the company’s stock, valued at approximately $707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. REAP Financial Group LLC grew its holdings in L3Harris Technologies by 12.9% during the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after purchasing an additional 29 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in shares of L3Harris Technologies by 5.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after purchasing an additional 30 shares during the period. Turtle Creek Wealth Advisors LLC lifted its stake in shares of L3Harris Technologies by 3.7% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock worth $253,000 after buying an additional 31 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of L3Harris Technologies by 0.7% in the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after buying an additional 31 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of L3Harris Technologies by 25.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock worth $47,000 after buying an additional 32 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

NYSE:LHX opened at $276.98 on Thursday. 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 one year low of $262.68 and a one year high of $379.23. The company has a fifty day moving average price of $291.30 and a 200 day moving average price of $321.56. The stock has a market cap of $51.58 billion, a P/E ratio of 27.98, a PEG ratio of 1.06 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results 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 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 business posted $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. Analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Sanford C. Bernstein dropped their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday. UBS Group cut their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.00.

L3Harris Technologies 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.