7,766 Shares of L3Harris Technologies Inc $LHX Purchased by ASK Capital Investment Managers LLC

ASK Capital Investment Managers LLC bought a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,766 shares of the company’s stock, valued at approximately $1,839,000. L3Harris Technologies makes up about 2.0% of ASK Capital Investment Managers LLC’s investment portfolio, making the stock its 18th largest holding.

Other large investors have also recently made changes to their positions in the company. NBH Bank purchased a new position in L3Harris Technologies during the 2nd quarter worth approximately $26,000. Cedar Mountain Advisors LLC increased its position 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 buying an additional 74 shares during the period. Abound Financial LLC purchased a new stake in L3Harris Technologies in the fourth quarter valued at approximately $29,000. Tower View Wealth Management LLC purchased a new stake in L3Harris Technologies in the first quarter valued at approximately $29,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of L3Harris Technologies by 80.0% in the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock valued at $29,000 after acquiring an additional 44 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LHX has been the subject of several research reports. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Susquehanna lowered their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Sanford C. Bernstein reduced their target price on shares of L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating for the company in a report on Wednesday, September 23rd. Finally, UBS Group reduced their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $350.86.

L3Harris Technologies Trading Down 1.6%

Shares of LHX stock opened at $234.38 on Wednesday. The business’s 50 day moving average is $256.96 and its two-hundred day moving average is $292.45. L3Harris Technologies Inc has a twelve month low of $232.34 and a twelve month high of $379.23. The company has a market capitalization of $43.64 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last released 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 business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. The company’s revenue for the quarter 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 forecast 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

More L3Harris Technologies News

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

• Positive Sentiment: L3Harris received a $250 million follow-on contract from Lockheed Martin to produce Guided Multiple Launch Rocket System (GMLRS) propulsion units. The award represents the highest production quantity in the program’s history, supporting backlog visibility and indicating strong demand for L3Harris’ missile-propulsion capabilities. L3Harris Awarded Solid Rocket Motor Contract with Record Production
• Positive Sentiment: The company delivered its first VAMPIRE counter-drone systems to the U.S. Army. Initial deliveries validate L3Harris’ role in the rapidly expanding counter-unmanned-aircraft market and could lead to additional deployments and follow-on orders. L3Harris Delivers First VAMPIRE Units to US Army for Drone Defense
• Positive Sentiment: L3Harris and advanced manufacturer Divergent signed a teaming agreement to expand production of affordable “Wolf” mass munitions. The partnership is intended to use advanced manufacturing to increase production capacity and improve scalability, potentially positioning L3Harris for future procurement growth. L3Harris and Divergent Sign Teaming Agreement
• Positive Sentiment: The U.S. Army and L3Harris successfully demonstrated the first Red Wolf flight from an MH-60 helicopter, an important milestone for the company’s unmanned and air-launched systems. L3Harris and US Army Demonstrate First Red Wolf Flight
• Positive Sentiment: Goldman Sachs maintained a Buy rating on L3Harris Technologies (LHX), offering continued sell-side support as the company adds contract wins and production milestones. Goldman Sachs Remains a Buy on L3Harris Technologies

About L3Harris Technologies

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.