Rakuten Investment Management Inc. Buys 2,765 Shares of L3Harris Technologies Inc $LHX

Rakuten Investment Management Inc. lifted its position in L3Harris Technologies Inc (NYSE:LHX) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,498 shares of the company’s stock after buying an additional 2,765 shares during the period. Rakuten Investment Management Inc.’s holdings in L3Harris Technologies were worth $8,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LHX. REAP Financial Group LLC boosted its holdings in L3Harris Technologies by 12.9% in the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after buying an additional 29 shares during the period. CYBER HORNET ETFs LLC raised its position in shares of L3Harris Technologies by 5.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after buying an additional 30 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in shares of L3Harris Technologies by 0.7% in the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after purchasing an additional 31 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of L3Harris Technologies by 25.2% in the fourth quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after acquiring an additional 32 shares during the period. Finally, Beacon Investment Advisors LLC lifted its stake in L3Harris Technologies by 0.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock worth $2,306,000 after purchasing an additional 34 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on LHX shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. UBS Group reduced 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. Sanford C. Bernstein decreased their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna lowered their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Stock Up 0.5%

Shares of LHX opened at $263.31 on Friday. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a 52 week low of $258.54 and a 52 week high of $379.23. The stock’s 50-day moving average price is $285.55 and its 200-day moving average price is $317.80. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.81 billion. During the same period last year, the business earned $2.78 earnings per share. L3Harris Technologies’s quarterly 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. On average, sell-side analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

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

About L3Harris Technologies

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.