Pacer Advisors Inc. Has $5.52 Million Stock Holdings in L3Harris Technologies Inc $LHX

Pacer Advisors Inc. increased its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 20.7% during the 4th quarter, Holdings Channel reports. The fund owned 18,810 shares of the company’s stock after buying an additional 3,222 shares during the quarter. Pacer Advisors Inc.’s holdings in L3Harris Technologies were worth $5,522,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LHX. Brighton Jones LLC increased its position in shares of L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after buying an additional 3,001 shares in the last quarter. Jump Financial LLC lifted its holdings in L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after acquiring an additional 388 shares in the last quarter. NewEdge Advisors LLC grew its stake in L3Harris Technologies by 14.2% in the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock valued at $4,285,000 after acquiring an additional 2,130 shares during the period. Nebula Research & Development LLC acquired a new position in L3Harris Technologies in the second quarter valued at about $856,000. Finally, CIBC Asset Management Inc increased its holdings in shares of L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after acquiring an additional 33,321 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 3.1%

LHX stock opened at $285.66 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The stock has a market capitalization of $53.22 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.50. The business has a 50-day moving average of $316.07 and a 200-day moving average of $328.55. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Insider Activity

In other news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LHX. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Sanford C. Bernstein reduced their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.75.

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.