Wellington Management Group LLP Buys 313,431 Shares of L3Harris Technologies Inc $LHX

Wellington Management Group LLP raised its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,707,086 shares of the company’s stock after purchasing an additional 313,431 shares during the period. Wellington Management Group LLP’s holdings in L3Harris Technologies were worth $1,367,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies in the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies in the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC increased its stake in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in L3Harris Technologies during the third quarter valued at approximately $29,000. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX opened at $263.31 on Friday. The firm’s 50 day simple moving average is $285.55 and its 200-day simple moving average is $317.80. 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 Inc has a one year low of $258.54 and a one year high of $379.23. The firm has a market cap of $49.03 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.96% and a net margin of 8.17%.L3Harris Technologies’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on LHX. UBS Group dropped their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Sanford C. Bernstein reduced their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $360.45.

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.