L3Harris Technologies (NYSE:LHX) Issues Quarterly Earnings Results, Beats Expectations By $0.33 EPS

L3Harris Technologies (NYSE:LHX) announced its quarterly earnings results on Wednesday. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33, Zacks reports. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%. L3Harris Technologies updated its FY 2026 guidance to 11.800-12.000 EPS.

L3Harris Technologies Stock Performance

LHX traded down $8.47 on Wednesday, hitting $296.73. 1,268,355 shares of the stock traded hands, compared to its average volume of 1,446,577. The business has a fifty day moving average price of $299.16 and a two-hundred day moving average price of $328.59. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $55.28 billion, a PE ratio of 32.22, a P/E/G ratio of 1.54 and a beta of 0.51. L3Harris Technologies has a 52 week low of $267.25 and a 52 week high of $379.23.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s payout ratio is currently 54.29%.

Insider Buying and Selling at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares in the company, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On L3Harris Technologies

Several institutional investors and hedge funds have recently bought and sold shares of LHX. T. Rowe Price Investment Management Inc. boosted its position in shares of L3Harris Technologies by 29.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,056 shares of the company’s stock valued at $2,953,000 after acquiring an additional 2,316 shares in the last quarter. Compound Planning Inc. increased its stake in L3Harris Technologies by 67.2% in the fourth quarter. Compound Planning Inc. now owns 7,329 shares of the company’s stock valued at $2,151,000 after acquiring an additional 2,946 shares during the period. Invesco Ltd. raised its position in L3Harris Technologies by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,194,122 shares of the company’s stock worth $644,128,000 after purchasing an additional 13,575 shares in the last quarter. Corient Private Wealth LLC grew its position in L3Harris Technologies by 101.0% in the fourth quarter. Corient Private Wealth LLC now owns 190,040 shares of the company’s stock valued at $55,790,000 after acquiring an additional 95,487 shares during the period. Finally, First Commonwealth Financial Corp PA increased its position in shares of L3Harris Technologies by 7.7% during the 4th quarter. First Commonwealth Financial Corp PA now owns 3,817 shares of the company’s stock worth $1,120,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LHX. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Sanford C. Bernstein lowered their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. UBS Group dropped their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.00.

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.