Munich Reinsurance Co Stock Corp in Munich Boosts Stake in L3Harris Technologies Inc $LHX

Munich Reinsurance Co Stock Corp in Munich grew its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 187,642 shares of the company’s stock after acquiring an additional 11,928 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in L3Harris Technologies were worth $54,527,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies in the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in L3Harris Technologies during the 4th quarter worth $25,000. Cedar Mountain Advisors LLC boosted its position in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after purchasing an additional 74 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in L3Harris Technologies in the 3rd quarter valued at $29,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $256.45 on Friday. L3Harris Technologies Inc has a 12-month low of $256.05 and a 12-month high of $379.23. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.67 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The firm’s fifty day moving average price is $282.78 and its 200 day moving average price is $314.92.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts forecast that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies’s payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

LHX has been the topic of several research reports. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Wednesday, August 26th. UBS Group lowered their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Finally, Susquehanna decreased their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $360.45.

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.