Lazari Capital Management Inc. Acquires 2,070 Shares of L3Harris Technologies Inc $LHX

Lazari Capital Management Inc. acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,070 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Keudell Morrison Wealth Management lifted its position in L3Harris Technologies by 0.7% during the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after buying an additional 31 shares during the period. Hunter Associates Investment Management LLC boosted its stake in L3Harris Technologies by 1.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock worth $763,000 after buying an additional 34 shares during the last quarter. OLD National Bancorp IN boosted its stake in L3Harris Technologies by 1.9% in the 1st quarter. OLD National Bancorp IN now owns 1,908 shares of the company’s stock worth $659,000 after buying an additional 35 shares during the last quarter. Miller Global Investments LLC grew its holdings in L3Harris Technologies by 34.0% in the 2nd quarter. Miller Global Investments LLC now owns 138 shares of the company’s stock valued at $40,000 after buying an additional 35 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in L3Harris Technologies by 3.6% in the 1st quarter. AdvisorNet Financial Inc now owns 1,030 shares of the company’s stock valued at $356,000 after buying an additional 36 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 1.9%

LHX stock traded up $4.69 during trading on Tuesday, reaching $248.53. 872,951 shares of the stock traded hands, compared to its average volume of 1,514,930. The business’s 50 day moving average price is $253.35 and its 200-day moving average price is $289.59. L3Harris Technologies Inc has a 52-week low of $232.34 and a 52-week high of $379.23. 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 $46.28 billion, a PE ratio of 25.11, a P/E/G ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during 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 revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts forecast that L3Harris Technologies Inc will post 11.89 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LHX. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. BNP Paribas Exane decreased their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. UBS Group lowered their target price 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. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Finally, The Goldman Sachs Group cut their price target on shares of L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $341.71.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.