EFG International AG Purchases 8,851 Shares of L3Harris Technologies Inc $LHX

EFG International AG boosted its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 206.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,147 shares of the company’s stock after acquiring an additional 8,851 shares during the period. EFG International AG’s holdings in L3Harris Technologies were worth $3,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of L3Harris Technologies during the 2nd quarter valued at $5,525,806,000. Bank of New York Mellon Corp purchased a new stake in shares of L3Harris Technologies in the second quarter worth $752,983,000. Artisan Partners Limited Partnership raised its position in shares of L3Harris Technologies by 174.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock worth $557,933,000 after buying an additional 1,207,334 shares in the last quarter. Deutsche Bank AG purchased a new position in L3Harris Technologies during the second quarter worth about $174,006,000. Finally, Two Sigma Investments LP increased its stake in L3Harris Technologies by 560.7% in the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after acquiring an additional 521,312 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Price Performance

LHX opened at $262.79 on Thursday. 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 capitalization of $48.93 billion, a P/E ratio of 26.54, a PEG ratio of 1.14 and a beta of 0.51. The stock has a 50-day moving average price of $286.84 and a 200-day moving average price of $318.81. L3Harris Technologies Inc has a 12-month low of $258.54 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion for 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%.L3Harris Technologies’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LHX shares. Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Wednesday. Susquehanna cut their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. UBS Group decreased their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Two research 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $360.45.

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.