Stack Financial Management Inc Makes New $41.30 Million Investment in L3Harris Technologies Inc $LHX

Stack Financial Management Inc bought a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 142,143 shares of the company’s stock, valued at approximately $41,305,000. L3Harris Technologies accounts for approximately 3.2% of Stack Financial Management Inc’s investment portfolio, making the stock its 7th largest holding. Stack Financial Management Inc owned approximately 0.08% of L3Harris Technologies at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of L3Harris Technologies during the second quarter worth $1,224,000. Mill Capital Management LLC acquired a new position in L3Harris Technologies in the 2nd quarter valued at $18,056,000. Whitener Capital Management Inc. increased its stake in L3Harris Technologies by 8.9% in the 2nd quarter. Whitener Capital Management Inc. now owns 3,239 shares of the company’s stock valued at $941,000 after buying an additional 264 shares during the period. Tema ETFs LLC raised its position in L3Harris Technologies by 16.1% during the 2nd quarter. Tema ETFs LLC now owns 3,300 shares of the company’s stock worth $959,000 after buying an additional 458 shares during the last quarter. Finally, Doliver Advisors LP lifted its stake in shares of L3Harris Technologies by 1.3% in the 2nd quarter. Doliver Advisors LP now owns 5,720 shares of the company’s stock worth $1,662,000 after acquiring an additional 73 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $291.62 on Friday. 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’s 50-day simple moving average is $292.85 and its 200 day simple moving average is $323.48. The firm has a market capitalization of $54.30 billion, a PE ratio of 29.46, a P/E/G ratio of 1.09 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the company earned $2.78 EPS. The firm’s 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. On average, equities research analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

Analyst Upgrades and Downgrades

LHX has been the topic of several analyst reports. Sanford C. Bernstein lowered 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. UBS Group cut 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. Susquehanna reduced 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. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane dropped their target price on 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 research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $365.00.

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.