Foster Victor Wealth Advisors LLC Acquires 6,279 Shares of L3Harris Technologies Inc $LHX

Foster Victor Wealth Advisors LLC boosted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 16.4% during the 3rd quarter, Holdings Channel reports. The firm owned 44,495 shares of the company’s stock after acquiring an additional 6,279 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $10,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Meeder Advisory Services Inc. purchased a new position in shares of L3Harris Technologies during the 2nd quarter valued at $1,397,000. Swiss National Bank grew its stake in shares of L3Harris Technologies by 7.1% during the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after acquiring an additional 36,320 shares during the period. Community Trust & Investment Co. increased its holdings in L3Harris Technologies by 8.2% in the 3rd quarter. Community Trust & Investment Co. now owns 63,777 shares of the company’s stock worth $15,101,000 after acquiring an additional 4,828 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in L3Harris Technologies by 29.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,138 shares of the company’s stock worth $15,441,000 after acquiring an additional 12,059 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in L3Harris Technologies by 22.3% in the 1st quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock valued at $661,905,000 after acquiring an additional 350,313 shares during the period. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

LHX has been the topic of several recent research reports. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. TD Cowen cut their target price on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Argus downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, Sanford C. Bernstein lowered their price target on shares of L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $341.71.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $247.73 on Thursday. The company has a 50 day moving average of $251.77 and a 200 day moving average of $288.08. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market cap of $46.13 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.55 and a beta of 0.50. L3Harris Technologies Inc has a 12 month low of $232.34 and a 12 month high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the company posted $2.78 EPS. The business’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, sell-side analysts forecast that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

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.