UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 213,386 Shares of L3Harris Technologies Inc $LHX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in L3Harris Technologies Inc (NYSE:LHX) by 34.9% during the second quarter, HoldingsChannel.com reports. The fund owned 824,725 shares of the company’s stock after purchasing an additional 213,386 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in L3Harris Technologies were worth $239,657,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. REAP Financial Group LLC grew its position in shares of L3Harris Technologies by 12.9% during the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after purchasing an additional 29 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of L3Harris Technologies by 5.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after buying an additional 30 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in shares of L3Harris Technologies by 0.7% in the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after buying an additional 31 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in L3Harris Technologies by 25.2% during the fourth quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after buying an additional 32 shares during the last quarter. Finally, Beacon Investment Advisors LLC boosted its stake in L3Harris Technologies by 0.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock valued at $2,306,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $266.53 on Tuesday. The stock has a market cap of $49.63 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. 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 stock has a 50 day moving average price of $285.16 and a 200-day moving average price of $317.02. L3Harris Technologies Inc has a one year low of $258.54 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.81 billion. During the same quarter in the prior year, the firm posted $2.78 EPS. L3Harris Technologies’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 expect that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. UBS Group cut 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. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Susquehanna decreased their price target 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. Finally, Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $360.45.

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.