Nykredit A S Purchases Shares of 50,854 L3Harris Technologies Inc $LHX

Key Points

• Nykredit A/S purchased 50,854 L3Harris shares worth approximately $14.8 million in the second quarter, while institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly EPS of $3.13, beating estimates of $2.80, and revenue of $5.88 billion, up 8.4% year over year. The company maintained fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $247, near its 52-week low, while analysts maintained a “Moderate Buy” consensus with an average price target of $360.83; L3Harris also pays a $1.25 quarterly dividend, yielding about 2% annually.

Nykredit A S purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 50,854 shares of the company's stock, valued at approximately $14,778,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LHX. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies in the second quarter worth approximately $5,525,806,000. Capital World Investors raised its position in L3Harris Technologies by 2.9% in the 4th quarter. Capital World Investors now owns 11,645,419 shares of the company's stock valued at $3,418,747,000 after buying an additional 329,910 shares during the last quarter. Geode Capital Management LLC lifted its stake in L3Harris Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company's stock valued at $1,505,444,000 after acquiring an additional 106,430 shares in the last quarter. Wellington Management Group LLP lifted its stake in L3Harris Technologies by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company's stock valued at $1,367,832,000 after acquiring an additional 313,431 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in L3Harris Technologies during the 2nd quarter worth $752,983,000. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Down 1.4%

LHX stock opened at $247.00 on Friday. The business's 50 day moving average price is $273.98 and its two-hundred day moving average price is $307.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market capitalization of $45.99 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50. L3Harris Technologies Inc has a fifty-two week low of $244.76 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 10.96% and a net margin of 8.17%.The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share. 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 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, September 4th. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group downgraded L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Wednesday, August 26th. UBS Group reduced their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Guggenheim began coverage on L3Harris Technologies in a research note on Monday, September 14th. They set a "buy" rating and a $365.00 price objective on the stock. Finally, BNP Paribas Exane cut their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $360.83.

More L3Harris Technologies News

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

• Positive Sentiment: Defense contracts and production support revenue visibility. L3Harris has begun production of Tranche 3 missile-defense satellites, with deliveries expected to be completed by early 2029. The multiyear program could provide backlog support and strengthen the company’s space and missile-defense position. L3Harris Starts Production On Tranche 3 Satellites
• Positive Sentiment: L3Harris also won a $60 million U.S. Air Force C-HOBS contract. While modest relative to the company’s scale, the award demonstrates continued demand for its defense technology and could lead to additional opportunities. Inside L3Harris Technologies’ C-HOBS Contract
• Positive Sentiment: Guggenheim upgraded L3Harris to “strong buy,” while analyst coverage cited an average price target of approximately $360.45. Commentary also suggested the shares may be undervalued following the company’s $4.7 billion PAC-3 MSE contract win. These views could support sentiment, although price targets are not guarantees. L3Harris Undervalued Following PAC-3 MSE Contract
• Neutral Sentiment: L3Harris is expanding its international operations and regional customer presence, potentially creating longer-term growth opportunities. However, the article provides limited new financial guidance or near-term earnings estimates. Can L3Harris’ Expanding Global Reach Support Future Growth?
• Negative Sentiment: Two law firms announced investigations into potential securities-law violations and allegedly misleading business information. The announcements may weigh on investor confidence and create potential legal or financial risks, although they contain allegations rather than findings of wrongdoing. LHX Investigation Alert

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.

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