Gamco Investors INC. ET AL Buys 7,983 Shares of L3Harris Technologies Inc $LHX

Gamco Investors INC. ET AL boosted its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 14.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 63,043 shares of the company’s stock after buying an additional 7,983 shares during the quarter. Gamco Investors INC. ET AL’s holdings in L3Harris Technologies were worth $18,320,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LHX. BlackRock Inc. bought a new position in shares of L3Harris Technologies in the second quarter worth about $5,525,806,000. Bank of New York Mellon Corp purchased a new position in shares of L3Harris Technologies during the 2nd quarter valued at about $752,983,000. Artisan Partners Limited Partnership grew its stake in shares of L3Harris Technologies by 174.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock valued at $557,933,000 after acquiring an additional 1,207,334 shares during the period. Deutsche Bank AG purchased a new stake in L3Harris Technologies in the 2nd quarter worth approximately $174,006,000. Finally, Two Sigma Investments LP raised its stake in L3Harris Technologies by 560.7% during the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after acquiring an additional 521,312 shares during the period. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LHX shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday. Susquehanna decreased their price objective 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. 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. BNP Paribas Exane lowered their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, UBS Group dropped their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.00.

L3Harris Technologies Trading Down 1.3%

Shares of LHX stock opened at $267.03 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $49.72 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. L3Harris Technologies Inc has a 12-month low of $262.68 and a 12-month high of $379.23. The stock’s 50-day moving average price is $289.65 and its 200-day moving average price is $320.67.

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

L3Harris Technologies Dividend Announcement

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

L3Harris Technologies 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.