L3Harris Technologies Inc $LHX Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 29.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 53,138 shares of the company’s stock after buying an additional 12,059 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in L3Harris Technologies were worth $15,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LHX. Fideuram Asset Management Ireland dac purchased a new stake in L3Harris Technologies during the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of L3Harris Technologies in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of L3Harris Technologies in the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC lifted its holdings 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 worth $28,000 after purchasing an additional 74 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in shares of L3Harris Technologies during the third quarter worth about $29,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LHX has been the topic of several research reports. UBS Group cut their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. BNP Paribas Exane dropped their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Susquehanna cut their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $360.45.

L3Harris Technologies Trading Down 2.2%

Shares of NYSE:LHX opened at $256.45 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a 12-month low of $256.05 and a 12-month high of $379.23. The business has a 50 day moving average of $282.78 and a two-hundred day moving average of $314.92. The company has a market capitalization of $47.75 billion, a PE ratio of 25.90, a PEG ratio of 1.67 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations 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 was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.78 EPS. 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 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

The company 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. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 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.