Park Place Capital Corp Increases Stock Position in L3Harris Technologies Inc $LHX

Park Place Capital Corp grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 4,215.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,366 shares of the company’s stock after purchasing an additional 3,288 shares during the quarter. Park Place Capital Corp’s holdings in L3Harris Technologies were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC grew its holdings in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies during the fourth quarter worth $25,000. Tower View Wealth Management LLC acquired a new position in shares of L3Harris Technologies in the first quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of L3Harris Technologies in the fourth quarter worth $25,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at $25,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LHX. BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Susquehanna cut their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

L3Harris Technologies Stock Down 1.5%

LHX opened at $262.78 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The stock has a market capitalization of $48.93 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. The business has a 50-day moving average of $288.82 and a two-hundred day moving average of $319.91. L3Harris Technologies Inc has a 12 month low of $261.55 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, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm posted $2.78 EPS. The company’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.9%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

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.