Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 495,886 L3Harris Technologies Inc $LHX

Key Points

• Mitsubishi UFJ Asset Management acquired 495,886 L3Harris shares worth approximately $144.1 million, representing a 0.27% stake. Institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris reported quarterly EPS of $3.13, exceeding the $2.80 consensus estimate, while revenue rose 8.4% year over year to $5.88 billion. The company maintained fiscal 2026 EPS guidance of $11.80–$12.00 and announced a quarterly dividend of $1.25 per share.
• The stock faces leadership uncertainty after CEO Christopher Kubasik was removed over a conduct violation unrelated to financial reporting, though Sam Mehta was appointed as his immediate successor. Analysts maintain a “Moderate Buy” consensus with a $365 average price target.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 495,886 shares of the company's stock, valued at approximately $144,100,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.27% of L3Harris Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Cedar Mountain Advisors LLC boosted its position 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 purchasing an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. Tower View Wealth Management LLC acquired a new position in shares of L3Harris Technologies during the 1st quarter worth approximately $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies during the 4th quarter valued at approximately $25,000. Finally, Motiv8 Investments LLC acquired a new stake in L3Harris Technologies in the 4th quarter valued at $25,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Experienced successor appointed immediately: L3Harris named Sam Mehta president and CEO effective immediately. Mehta is an aerospace and defense executive with company experience, which may reduce uncertainty around operations and customer relationships during the transition. L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
• Positive Sentiment: Defense technology demonstrated: At the Army’s Project Convergence-Capstone 6 exercise, L3Harris showcased interoperable communications, Link 16 integration, sensors and effectors designed for coordinated operations in contested environments. The event supports the company’s positioning in multi-domain defense systems and potential future government contracts. L3Harris Demonstrates Multi-Domain Supremacy at Annual Project Convergence Exercise
• Positive Sentiment: Undersea-defense expansion continues: A new Rhode Island facility is intended to support advanced training systems for U.S. and allied fleets, potentially strengthening L3Harris’s undersea-defense growth prospects. Can L3Harris' New Rhode Island Facility Strengthen Undersea Growth?
• Neutral Sentiment: Operations were not cited as the issue: The board said Kubasik’s departure followed an investigation into a conduct violation unrelated to the company’s financial reporting. Investors will likely focus on whether the leadership change affects execution, government contracts or strategic priorities.
• Negative Sentiment: CEO’s abrupt dismissal weighs on confidence: Kubasik was removed after the board determined he violated L3Harris’s code of conduct. The sudden change creates governance and continuity concerns, while reports that he previously left Lockheed Martin over an improper relationship may intensify reputational concerns. Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified conduct

Analyst Upgrades and Downgrades

LHX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday. Sanford C. Bernstein cut their target price on shares of L3Harris Technologies to $405.00 and set an "outperform" rating for the company in a research note 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. Susquehanna lowered their price objective on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Finally, Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $365.00.

L3Harris Technologies Stock Up 0.7%

Shares of NYSE:LHX opened at $280.26 on Wednesday. L3Harris Technologies Inc has a 52-week low of $262.68 and a 52-week high of $379.23. The stock has a market cap of $52.19 billion, a P/E ratio of 28.31, a PEG ratio of 1.10 and a beta of 0.51. The business has a fifty day moving average of $291.83 and a two-hundred day moving average of $322.11. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion for 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%.The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts expect that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies's payout ratio is 50.51%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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