Empowered Funds LLC Has $8.88 Million Stock Position in L3Harris Technologies Inc $LHX

Empowered Funds LLC increased its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 27.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,575 shares of the company’s stock after acquiring an additional 6,594 shares during the quarter. Empowered Funds LLC’s holdings in L3Harris Technologies were worth $8,885,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC grew its holdings in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of L3Harris Technologies during the 4th quarter valued at $29,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LHX shares. Susquehanna decreased their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. UBS Group reduced their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Wednesday. Finally, Sanford C. Bernstein decreased their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Trading Up 0.5%

NYSE LHX opened at $263.31 on Friday. The stock has a market capitalization of $49.03 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a 52 week low of $258.54 and a 52 week high of $379.23. The stock’s 50 day moving average price is $285.55 and its two-hundred day moving average price is $317.80. 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 earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share 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 business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter 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 anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors 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 annualized dividend and a yield of 1.9%. L3Harris Technologies’s dividend payout ratio is 50.51%.

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.