EFG International AG Boosts Stock Holdings in L3Harris Technologies Inc $LHX

EFG International AG grew its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 206.0% during the second quarter, Holdings Channel reports. The institutional investor owned 13,147 shares of the company’s stock after purchasing an additional 8,851 shares during the quarter. EFG International AG’s holdings in L3Harris Technologies were worth $3,818,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its stake in shares of L3Harris Technologies by 42.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 585,375 shares of the company’s stock valued at $170,104,000 after acquiring an additional 175,780 shares during the last quarter. Jones Financial Companies Lllp grew its position in L3Harris Technologies by 5.2% during the 2nd quarter. Jones Financial Companies Lllp now owns 139,232 shares of the company’s stock worth $40,551,000 after acquiring an additional 6,917 shares during the last quarter. Park Place Capital Corp grew its position in L3Harris Technologies by 4,215.4% during the 2nd quarter. Park Place Capital Corp now owns 3,366 shares of the company’s stock worth $978,000 after acquiring an additional 3,288 shares during the last quarter. Fiduciary Financial Advisors purchased a new position in L3Harris Technologies in the 2nd quarter worth approximately $38,000. Finally, Whalen Wealth Management Inc. increased its stake in L3Harris Technologies by 49.7% in the 2nd quarter. Whalen Wealth Management Inc. now owns 2,354 shares of the company’s stock worth $684,000 after purchasing an additional 781 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 0.2%

NYSE LHX opened at $262.79 on Thursday. The stock has a market cap of $48.93 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $258.54 and a fifty-two week high of $379.23. The stock has a 50 day simple moving average of $286.84 and a two-hundred day simple moving average of $318.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LHX. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Susquehanna decreased 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 note on Friday, July 31st. UBS Group lowered their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research report on Wednesday. Finally, BNP Paribas Exane decreased their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $360.45.

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.