Sequoia Financial Advisors LLC Increases Stake in L3Harris Technologies Inc $LHX

Sequoia Financial Advisors LLC grew its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,606 shares of the company’s stock after purchasing an additional 6,414 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in L3Harris Technologies were worth $19,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC boosted its position in L3Harris Technologies by 43.4% during the 2nd quarter. MCF Advisors LLC now owns 486 shares of the company’s stock valued at $141,000 after buying an additional 147 shares during the period. National Pension Service raised its stake in shares of L3Harris Technologies by 4.3% during the second quarter. National Pension Service now owns 315,625 shares of the company’s stock valued at $91,717,000 after acquiring an additional 12,951 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of L3Harris Technologies by 409.7% during the second quarter. Engineers Gate Manager LP now owns 13,029 shares of the company’s stock worth $3,786,000 after purchasing an additional 10,473 shares during the period. Capital Analysts LLC boosted its holdings in shares of L3Harris Technologies by 1.9% during the second quarter. Capital Analysts LLC now owns 54,905 shares of the company’s stock worth $15,955,000 after purchasing an additional 1,019 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of L3Harris Technologies by 11.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 719 shares of the company’s stock worth $209,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of LHX opened at $248.35 on Friday. L3Harris Technologies Inc has a fifty-two week low of $246.51 and a fifty-two week high of $379.23. The firm’s 50-day simple moving average is $279.54 and its two-hundred day simple moving average is $311.88. The stock has a market cap of $46.25 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.60 and a beta of 0.50. 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 released its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LHX. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Wednesday, August 26th. UBS Group cut their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Susquehanna reduced 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 report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $360.45.

About L3Harris Technologies

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.