QRG Capital Management Inc. has a $481,000 stake in
L3Harris Technologies, Inc. (NYSE:LHX). The stock of L3Harris has been performing strongly, outperforming competitors on the trading day.
Great Lakes Advisors LLC has purchased 3,406 shares of L3Harris. The company's
segmental performance is expected to affect its Q3 earnings.
Institutional shareholders control 85% of L3Harris, suggesting significant faith in its future performance. The company's CEO will present at the
Bernstein Annual Strategic Decisions Conference.
William Swanson, Director of L3Harris, acquired 2,500 shares of the company. The consensus price target for L3Harris from analysts stands at $231.80. It is reported that L3Harris has strong fiscal year 2023 results and set a
positive 2024 guidance. However, the firm has faced some speculation about whether it is using too much debt. The company announced
strong first quarter 2024 results, also lifting the 2024 profitability guidance. The
dividend will be increased to $1.16. L3Harris plans to
cut 5% of its workforce to reduce costs. Those who invested in the company five years ago have seen a return of up to 41%. The firm is
selling non-core assets including its Commercial Aviation Solutions Business.
L3harris Technologies LHX News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 19 May 2024 16:51:11 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor 3