2,722 L3Harris Technologies Inc $LHX Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,820 shares of the company’s stock after purchasing an additional 2,722 shares during the quarter. Kestra Advisory Services LLC’s holdings in L3Harris Technologies were worth $6,114,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Telos Capital Management Inc. increased its position in L3Harris Technologies by 17.1% during the third quarter. Telos Capital Management Inc. now owns 1,643 shares of the company’s stock worth $389,000 after buying an additional 240 shares during the last quarter. B&D White Capital Company LLC bought a new position in L3Harris Technologies during the third quarter valued at about $58,800,000. MMA Asset Management LLC lifted its position in shares of L3Harris Technologies by 29.8% in the third quarter. MMA Asset Management LLC now owns 1,665 shares of the company’s stock worth $394,000 after buying an additional 382 shares during the last quarter. Capstone Wealth Management LLC lifted its position in shares of L3Harris Technologies by 63.9% in the third quarter. Capstone Wealth Management LLC now owns 1,344 shares of the company’s stock worth $318,000 after buying an additional 524 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of L3Harris Technologies in the third quarter worth about $127,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LHX. Bank of America increased their price objective on L3Harris Technologies from $325.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Jefferies Financial Group downgraded L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, August 26th. UBS Group boosted their target price on L3Harris Technologies from $264.00 to $293.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. BNP Paribas Exane lowered their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, TD Cowen dropped their price target on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $340.93.

L3Harris Technologies Trading Up 0.1%

Shares of NYSE:LHX opened at $276.28 on Thursday. The company has a market cap of $51.44 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.69 and a beta of 0.47. The stock’s 50-day moving average is $250.79 and its 200-day moving average is $302.01. L3Harris Technologies Inc has a 52-week low of $232.34 and a 52-week high of $379.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.20.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a return on equity of 11.49% and a net margin of 8.76%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that L3Harris Technologies Inc will post 12.10 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 4th. L3Harris Technologies’s payout ratio is currently 46.64%.

L3Harris Technologies Company Profile

L3Harris Technologies is a defense and aerospace company that develops technology and systems for government and commercial customers. Its offerings include tactical communications, intelligence and surveillance systems, sensors, electronic warfare capabilities, space systems, and aviation technologies. The company also provides propulsion and related systems for defense and space applications through Aerojet Rocketdyne, which it acquired in 2023. Its products and services support missions including military communications, situational awareness, space operations, and national security.