Munich Reinsurance Co Stock Corp in Munich Increases Stock Holdings in L3Harris Technologies Inc $LHX

Key Points

• Munich Reinsurance increased its L3Harris Technologies stake by 6.8% in the second quarter, adding 11,928 shares to hold 187,642 shares valued at approximately $54.5 million. Institutional investors collectively own 84.76% of the company.
• L3Harris exceeded quarterly expectations, reporting $3.13 in EPS versus the $2.80 consensus and $5.88 billion in revenue, up 8.4% year over year. The company maintained fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $256.45, near its 52-week low, while analysts have lowered several price targets; nevertheless, the consensus rating remains “Moderate Buy” with an average target of $360.45. L3Harris also announced a $1.25 quarterly dividend, equating to a 1.9% yield.

Munich Reinsurance Co Stock Corp in Munich lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,642 shares of the company's stock after buying an additional 11,928 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.10% of L3Harris Technologies worth $54,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC raised its position in shares of 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 last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies during the 4th quarter valued at $25,000. Tower View Wealth Management LLC purchased a new position in L3Harris Technologies during the first quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies during the fourth quarter worth $25,000. Finally, Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies in the fourth quarter worth $25,000. 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. The stock has a fifty day moving average price of $282.78 and a 200 day moving average price of $314.92. L3Harris Technologies Inc has a 52 week low of $256.05 and a 52 week high of $379.23. The firm has a market capitalization of $47.75 billion, a P/E ratio of 25.90, a PEG ratio of 1.67 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the company earned $2.78 EPS. The firm'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. Equities research analysts anticipate that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies's dividend payout ratio (DPR) is currently 50.51%.

Analysts Set New Price Targets

A number of research firms recently commented on LHX. BNP Paribas Exane decreased their price objective on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Susquehanna cut their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research note on Friday, July 31st. UBS Group reduced their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $360.45.

L3Harris Technologies Company 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source