Mill Capital Management LLC Invests $18.06 Million in L3Harris Technologies Inc $LHX

Mill Capital Management LLC purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 62,134 shares of the company’s stock, valued at approximately $18,056,000. L3Harris Technologies comprises about 1.2% of Mill Capital Management LLC’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors have also added to or reduced their stakes in LHX. Whitener Capital Management Inc. lifted its holdings in shares of L3Harris Technologies by 8.9% during the second quarter. Whitener Capital Management Inc. now owns 3,239 shares of the company’s stock worth $941,000 after buying an additional 264 shares in the last quarter. Tema ETFs LLC boosted its position in shares of L3Harris Technologies by 16.1% in the second quarter. Tema ETFs LLC now owns 3,300 shares of the company’s stock valued at $959,000 after acquiring an additional 458 shares during the period. Doliver Advisors LP grew its stake in shares of L3Harris Technologies by 1.3% in the second quarter. Doliver Advisors LP now owns 5,720 shares of the company’s stock valued at $1,662,000 after acquiring an additional 73 shares in the last quarter. City Holding Co. grew its stake in shares of L3Harris Technologies by 3.4% in the second quarter. City Holding Co. now owns 10,526 shares of the company’s stock valued at $3,059,000 after acquiring an additional 344 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in L3Harris Technologies by 1.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,124 shares of the company’s stock worth $2,070,000 after acquiring an additional 83 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LHX has been the subject of several analyst reports. 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. Susquehanna lowered their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane dropped their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Sanford C. Bernstein cut their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, UBS Group reduced their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.00.

L3Harris Technologies Trading Up 1.1%

LHX opened at $291.62 on Friday. L3Harris Technologies Inc has a twelve month low of $262.68 and a twelve month high of $379.23. The company has a 50-day simple moving average of $292.85 and a 200 day simple moving average of $323.48. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $54.30 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.09 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the company posted $2.78 earnings per share. The business’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. Analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

L3Harris Technologies Company Profile

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.