HighTower Advisors LLC Sells 6,909 Shares of L3Harris Technologies Inc $LHX

HighTower Advisors LLC lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 13.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,009 shares of the company’s stock after selling 6,909 shares during the quarter. HighTower Advisors LLC’s holdings in L3Harris Technologies were worth $12,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LHX. Brighton Jones LLC increased its holdings in shares of L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after purchasing an additional 3,001 shares in the last quarter. Jump Financial LLC lifted its holdings in L3Harris Technologies by 14.9% during the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after buying an additional 388 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in L3Harris Technologies by 14.2% during the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after buying an additional 2,130 shares in the last quarter. Nebula Research & Development LLC bought a new position in L3Harris Technologies in the 2nd quarter valued at $856,000. Finally, CIBC Asset Management Inc increased its stake in shares of L3Harris Technologies by 116.2% in the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock valued at $15,549,000 after buying an additional 33,321 shares during the period. 84.76% of the stock is owned by institutional investors.

Key Stories Impacting L3Harris Technologies

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

• Positive Sentiment: Major PAC-3 contract: L3Harris received a $4.7 billion, seven-year contract from Lockheed Martin to produce propulsion systems for PAC-3 Missile Segment Enhancement interceptors. The award is the company’s largest PAC-3 propulsion contract to date and should provide substantial backlog visibility, supporting missile-defense revenue and planned manufacturing-capacity expansion. L3Harris PAC-3 propulsion contract
• Positive Sentiment: Counter-drone opportunity: The U.S. Navy selected L3Harris’ VAMPIRE system for littoral counter-drone defense. The decision strengthens the company’s position in the growing counter-unmanned-aircraft market and could lead to additional procurement opportunities. U.S. Navy selects L3Harris VAMPIRE
• Positive Sentiment: Solid operating performance: L3Harris’ latest reported quarter exceeded expectations, with earnings of $3.13 per share versus a $2.80 consensus estimate and revenue of $5.88 billion versus $5.81 billion expected. Revenue increased 8.4% year over year, while full-year 2026 EPS guidance is $11.80-$12.00. L3Harris contract and quarterly growth
• Neutral Sentiment: Management’s presentation at the Jefferies Global Industrials Conference may provide additional detail on program execution, demand and guidance, but no material new financial target is identified in the supplied information. L3Harris Jefferies conference transcript
• Negative Sentiment: Analyst downgrade: Melius Research cut LHX from “Buy” to “Hold,” potentially limiting near-term upside after the recent defense-contract gains.
• Negative Sentiment: Legal overhang: Pomerantz LLP announced an investigation into potential claims on behalf of L3Harris investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk. Pomerantz L3Harris investor investigation

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Wednesday, August 26th. Melius Research cut L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna cut their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. BNP Paribas Exane reduced their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $250.72 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The stock has a market cap of $46.69 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.63 and a beta of 0.50. The stock has a 50-day moving average of $280.60 and a 200-day moving average of $312.64. L3Harris Technologies Inc has a one year low of $250.28 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued 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. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the company earned $2.78 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side 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 disclosed 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 is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

About L3Harris Technologies

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.