Fragasso Financial Advisors Inc Sells 2,714 Shares of L3Harris Technologies Inc $LHX

Fragasso Financial Advisors Inc reduced its stake in L3Harris Technologies Inc (NYSE:LHX) by 29.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,635 shares of the company’s stock after selling 2,714 shares during the period. Fragasso Financial Advisors Inc’s holdings in L3Harris Technologies were worth $1,572,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Meeder Advisory Services Inc. purchased a new position in L3Harris Technologies during the 2nd quarter valued at about $1,397,000. Swiss National Bank raised its stake in shares of L3Harris Technologies by 7.1% during the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after purchasing an additional 36,320 shares in the last quarter. Bank of America Corp DE lifted its stake in L3Harris Technologies by 22.3% in the first quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock valued at $661,905,000 after acquiring an additional 350,313 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of L3Harris Technologies by 25.7% during the 1st quarter. NewEdge Advisors LLC now owns 38,662 shares of the company’s stock valued at $13,344,000 after purchasing an additional 7,896 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in L3Harris Technologies by 34,415.0% during the first quarter. Diamant Asset Management Inc. now owns 357,230 shares of the company’s stock valued at $123,298,000 after buying an additional 356,195 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Trading Down 1.3%

LHX traded down $3.06 during midday trading on Tuesday, reaching $235.19. 467,266 shares of the company were exchanged, compared to its average volume of 1,492,368. The stock has a market capitalization of $43.80 billion, a P/E ratio of 23.77, a PEG ratio of 1.51 and a beta of 0.50. L3Harris Technologies Inc has a one year low of $232.34 and a one year high of $379.23. The stock’s 50-day simple moving average is $257.97 and its 200 day simple moving average is $293.28. 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 released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share 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 business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm earned $2.78 EPS. L3Harris Technologies’s quarterly revenue 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, analysts forecast that L3Harris Technologies Inc will post 11.91 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.1%. L3Harris Technologies’s dividend payout ratio is 50.51%.

Wall Street Analyst Weigh In

LHX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Wednesday, August 26th. TD Cowen cut their price target on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a report on Friday. UBS Group reduced their price objective 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. Finally, BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $350.86.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.