Pacer Advisors Inc. Has $4.66 Million Position in L3Harris Technologies Inc $LHX

Pacer Advisors Inc. cut its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 28.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,489 shares of the company’s stock after selling 5,321 shares during the period. Pacer Advisors Inc.’s holdings in L3Harris Technologies were worth $4,656,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies in the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in L3Harris Technologies during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in L3Harris Technologies during the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC grew its stake in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares in the last quarter. Finally, Abound Financial LLC bought a new position in L3Harris Technologies in the fourth quarter valued at approximately $29,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

NYSE:LHX opened at $289.52 on Friday. L3Harris Technologies Inc has a 12-month low of $262.68 and a 12-month high of $379.23. The firm has a market capitalization of $53.91 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 1.08 and a beta of 0.51. The stock’s 50 day moving average price is $295.31 and its two-hundred day moving average price is $325.86. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts anticipate that L3Harris Technologies Inc will post 11.87 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s payout ratio is currently 50.51%.

Analysts Set New Price Targets

LHX has been the topic of a number of analyst reports. BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, UBS Group cut their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $365.00.

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.