L3Harris Technologies Inc $LHX Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,869 shares of the company’s stock after selling 3,313 shares during the period. SVB Wealth LLC’s holdings in L3Harris Technologies were worth $4,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies during the 4th quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth about $25,000. Motiv8 Investments LLC purchased a new stake in L3Harris Technologies in the 4th quarter valued at about $25,000. NBH Bank acquired a new position in L3Harris Technologies in the second quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC lifted its position in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LHX has been the subject of a number of recent analyst reports. BNP Paribas Exane dropped 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 report on Thursday, July 30th. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna lowered their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Wednesday, August 26th. Finally, Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Stock Down 0.4%

Shares of NYSE:LHX opened at $255.49 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The firm has a market capitalization of $47.57 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. The firm’s 50-day moving average is $281.43 and its two-hundred day moving average is $313.39. L3Harris Technologies Inc has a 1 year low of $253.30 and a 1 year high of $379.23.

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

L3Harris Technologies Announces Dividend

The firm 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 dividend of $1.25 per share. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. L3Harris Technologies’s dividend payout ratio is 50.51%.

L3Harris Technologies Profile

L3Harris Technologies, Inc (NYSE:LHX) is a global aerospace and defense technology company that develops products and systems for government, defense and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space missions, missile defense, aviation and other critical national-security applications.

The company produces tactical radios and networking equipment, secure communications systems, electro-optical and infrared sensors, space payloads and systems, aircraft mission equipment, electronic-warfare technologies, and integrated command-and-control solutions.