Bouvel Investment Partners LLC Purchases 24,424 Shares of L3Harris Technologies Inc $LHX

Bouvel Investment Partners LLC acquired a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 24,424 shares of the company’s stock, valued at approximately $5,783,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LHX. BlackRock Inc. acquired a new stake in shares of L3Harris Technologies in the 2nd quarter valued at about $5,525,806,000. State Street Corp increased its holdings in L3Harris Technologies by 2.9% in the second quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after buying an additional 252,662 shares during the last quarter. Wellington Management Group LLP increased its holdings in L3Harris Technologies by 7.1% in the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock valued at $1,367,832,000 after buying an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in L3Harris Technologies during the second quarter valued at approximately $752,983,000. Finally, Bank of America Corp DE raised its stake in L3Harris Technologies by 22.3% during the first quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock valued at $661,905,000 after buying an additional 350,313 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX traded down $3.87 during trading hours on Tuesday, hitting $234.38. The company had a trading volume of 1,557,816 shares, compared to its average volume of 1,498,129. L3Harris Technologies Inc has a fifty-two week low of $232.34 and a fifty-two week high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $256.96 and a 200-day simple moving average of $292.45. The firm has a market cap of $43.64 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The company had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business posted $2.78 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that L3Harris Technologies Inc will post 11.91 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a $1.25 dividend. The ex-dividend date was Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.1%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Ratings Changes

LHX has been the subject of a number of research analyst reports. Argus downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Wednesday, August 26th. UBS Group lowered their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Finally, The Goldman Sachs Group reduced their price target on shares of L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $350.86.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Record GMLRS propulsion contract: L3Harris received a $250 million follow-on award from Lockheed Martin to manufacture standard-range Guided Multiple Launch Rocket System propulsion units. The record production quantity signals strong customer confidence and could support backlog and revenue visibility. L3Harris Awarded Solid Rocket Motor Contract with Record Production
• Positive Sentiment: Expanded affordable-munitions production: L3Harris and advanced manufacturer Divergent signed a teaming agreement to increase production of Wolfpack-related “Wolf” munitions. The partnership is intended to improve manufacturing scale and support demand for lower-cost, mass-produced weapons. L3Harris and Divergent Sign Teaming Agreement to Increase Production of Affordable Mass Munitions
• Positive Sentiment: Counter-drone and airborne systems progress: L3Harris delivered the first VAMPIRE counter-drone systems to the U.S. Army and successfully demonstrated the first Red Wolf flight from an MH-60. These milestones could strengthen the company’s position in rapidly growing unmanned-systems and air-defense markets. L3Harris Delivers First VAMPIRE Units to US Army for Drone Defense
• Positive Sentiment: Continued analyst support: Goldman Sachs maintained a Buy rating on L3Harris, providing a favorable signal for the investment case as the company benefits from defense-spending demand. Goldman Sachs Remains a Buy on L3Harris Technologies
• Neutral Sentiment: L3Harris also announced plans to provide night-vision systems to the U.S. Army. The award supports its defense-electronics portfolio, although its value and expected earnings contribution were not reported. L3Harris Technologies to Provide Night-Vision Systems to US Army

L3Harris Technologies Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.