TD Waterhouse Canada Inc. Raises Position in L3Harris Technologies Inc $LHX

TD Waterhouse Canada Inc. boosted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 11.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 34,830 shares of the company’s stock after buying an additional 3,630 shares during the period. TD Waterhouse Canada Inc.’s holdings in L3Harris Technologies were worth $10,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac bought a new stake in L3Harris Technologies during the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies in the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies during the 4th quarter valued at $25,000. Cedar Mountain Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of L3Harris Technologies during the 4th quarter worth $29,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Price Performance

LHX stock opened at $256.45 on Friday. The firm has a market cap of $47.75 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.64 and a beta of 0.50. The firm’s fifty day moving average is $282.78 and its 200 day moving average is $314.92. L3Harris Technologies Inc has a 52 week low of $256.05 and a 52 week high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

LHX has been the subject of several research reports. Susquehanna cut their target price 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. BNP Paribas Exane dropped their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $360.45.

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.