Nykredit A S Buys Shares of 58,502 L3Harris Technologies Inc $LHX

Nykredit A S purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,502 shares of the company’s stock, valued at approximately $17,000,000.

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

L3Harris Technologies Stock Performance

Shares of LHX opened at $256.45 on Friday. 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. L3Harris Technologies Inc has a 52-week low of $256.05 and a 52-week high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $282.78 and a 200 day moving average price of $314.92.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

LHX has been the topic of several recent research reports. UBS Group cut their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane reduced their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.