Nykredit A S Makes New $17 Million Investment in L3Harris Technologies Inc $LHX

Key Points

• Nykredit A/S purchased 58,502 shares of L3Harris Technologies during the second quarter, establishing a new position valued at approximately $17 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, exceeding the $2.80 consensus estimate, while revenue rose 8.4% year over year to $5.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• Analyst sentiment remains positive but cautious, with a consensus “Moderate Buy” rating and a $360.45 target price, despite several recent target-price cuts. Shares recently traded near $256.45, and the company announced a quarterly dividend of $1.25 per share.

Nykredit A S purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,502 shares of the company's stock, valued at approximately $17,000,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LHX. Brighton Jones LLC raised its stake in L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock worth $901,000 after acquiring an additional 3,001 shares during the last quarter. Jump Financial LLC grew its stake in L3Harris Technologies by 14.9% during the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company's stock valued at $751,000 after purchasing an additional 388 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of L3Harris Technologies by 14.2% in the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock valued at $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC purchased a new position in shares of L3Harris Technologies in the second quarter worth about $856,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of L3Harris Technologies by 116.2% during the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock worth $15,549,000 after purchasing an additional 33,321 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent research reports. Jefferies Financial Group lowered L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Wednesday, August 26th. Susquehanna decreased their price objective 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. BNP Paribas Exane dropped their price objective 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 research note on Tuesday, August 18th. Finally, UBS Group reduced their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $360.45.

L3Harris Technologies Trading Down 2.2%

Shares of NYSE:LHX opened at $256.45 on Friday. 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 Inc has a 12-month low of $256.05 and a 12-month high of $379.23. The business has a 50 day moving average of $282.78 and a two-hundred day moving average of $314.92. The company has a market capitalization of $47.75 billion, a PE ratio of 25.90, a PEG ratio of 1.67 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during 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 business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts forecast that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm 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 $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's dividend payout ratio (DPR) is 50.51%.

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.

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