Munich Reinsurance Co Stock Corp in Munich Sells 12,434 Shares of L3Harris Technologies Inc $LHX

Munich Reinsurance Co Stock Corp in Munich lessened its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 6.6% during the 1st quarter, Holdings Channel reports. The firm owned 175,714 shares of the company’s stock after selling 12,434 shares during the period. L3Harris Technologies comprises about 1.5% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 26th biggest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in L3Harris Technologies were worth $60,648,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC purchased a new stake in L3Harris Technologies during the 1st quarter valued at approximately $211,000. Axxcess Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 1.5% in the first quarter. Axxcess Wealth Management LLC now owns 8,541 shares of the company’s stock worth $2,948,000 after buying an additional 123 shares in the last quarter. Cvfg LLC purchased a new position in shares of L3Harris Technologies in the first quarter worth $5,000,000. Nicholas Hoffman & Company LLC. boosted its position in shares of L3Harris Technologies by 67.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 1,915 shares of the company’s stock worth $661,000 after acquiring an additional 772 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in shares of L3Harris Technologies by 31.7% during the first quarter. Resonant Capital Advisors LLC now owns 992 shares of the company’s stock worth $342,000 after acquiring an additional 239 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

L3Harris Technologies Trading Down 0.7%

LHX stock opened at $293.45 on Thursday. The firm has a fifty day moving average price of $304.29 and a 200 day moving average price of $329.51. L3Harris Technologies Inc has a fifty-two week low of $256.01 and a fifty-two week high of $379.23. The firm has a market cap of $54.67 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. L3Harris Technologies’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a $1.25 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is 54.29%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Sanford C. Bernstein reduced their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

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.