MassMutual Private Wealth & Trust FSB Reduces Stock Position in L3Harris Technologies Inc $LHX

MassMutual Private Wealth & Trust FSB reduced its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,177 shares of the company’s stock after selling 2,729 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in L3Harris Technologies were worth $17,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac purchased a new stake in L3Harris Technologies in the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $25,000. American National Bank & Trust raised its stake in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Finally, Cedar Mountain Advisors LLC raised its stake in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after acquiring an additional 74 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LHX shares. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday. BNP Paribas Exane lowered their price objective 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. Susquehanna dropped their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday. Finally, Sanford C. Bernstein cut their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

L3Harris Technologies Trading Up 0.2%

NYSE:LHX opened at $277.69 on Tuesday. The stock has a market capitalization of $51.71 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.36 and a beta of 0.51. L3Harris Technologies Inc has a 52 week low of $262.68 and a 52 week high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $296.85 and a 200 day moving average of $327.05.

L3Harris Technologies (NYSE:LHX) last announced 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 company had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.87 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared 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. 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 currently 50.51%.

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.