Two Sigma Securities LLC Increases Stock Holdings in L3Harris Technologies Inc $LHX

Two Sigma Securities LLC lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 196.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,522 shares of the company’s stock after buying an additional 3,657 shares during the quarter. Two Sigma Securities LLC’s holdings in L3Harris Technologies were worth $1,605,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LHX. Thornburg Investment Management Inc. increased its holdings in L3Harris Technologies by 20.9% during the 2nd quarter. Thornburg Investment Management Inc. now owns 153,148 shares of the company’s stock valued at $44,503,000 after acquiring an additional 26,450 shares in the last quarter. Spinnaker Trust lifted its holdings in shares of L3Harris Technologies by 13.9% in the second quarter. Spinnaker Trust now owns 4,509 shares of the company’s stock valued at $1,310,000 after purchasing an additional 550 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of L3Harris Technologies by 34.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 824,725 shares of the company’s stock valued at $239,657,000 after purchasing an additional 213,386 shares in the last quarter. New Mexico Educational Retirement Board grew its position in shares of L3Harris Technologies by 6.9% in the second quarter. New Mexico Educational Retirement Board now owns 9,280 shares of the company’s stock valued at $2,697,000 after purchasing an additional 600 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of L3Harris Technologies by 0.9% in the second quarter. Royal London Asset Management Ltd. now owns 78,520 shares of the company’s stock valued at $22,817,000 after purchasing an additional 695 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $263.31 on Monday. 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 cap of $49.03 billion, a PE ratio of 26.60, a P/E/G ratio of 1.14 and a beta of 0.51. The firm has a 50 day simple moving average of $285.55 and a 200-day simple moving average of $317.57. L3Harris Technologies Inc has a 1-year low of $258.54 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its 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 firm had revenue of $5.88 billion during 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%. L3Harris Technologies’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. L3Harris Technologies’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

LHX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Susquehanna lowered their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. UBS Group dropped their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Sanford C. Bernstein cut their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, BNP Paribas Exane reduced their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Profile

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.