Hsbc Holdings PLC Purchases 51,642 Shares of L3Harris Technologies Inc $LHX

Hsbc Holdings PLC boosted its position in L3Harris Technologies Inc (NYSE:LHX) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 380,624 shares of the company’s stock after purchasing an additional 51,642 shares during the period. Hsbc Holdings PLC’s holdings in L3Harris Technologies were worth $110,535,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LHX. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies in the 4th quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its stake in 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, Abound Financial LLC acquired a new stake in L3Harris Technologies during the fourth quarter worth approximately $29,000. Institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of a number of research analyst reports. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Wednesday, August 26th. BNP Paribas Exane reduced their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna cut their target price 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. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $360.45.

L3Harris Technologies Price Performance

LHX stock opened at $256.45 on Monday. The stock’s 50 day simple moving average is $282.78 and its 200 day simple moving average is $314.71. L3Harris Technologies Inc has a fifty-two week low of $256.05 and a fifty-two week high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market cap of $47.75 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.96% and a net margin of 8.17%.The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts expect that L3Harris Technologies Inc will post 11.88 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, September 18th. Investors 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 annualized dividend and a yield of 1.9%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

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.