Americana Partners LLC Sells 47,210 Shares of L3Harris Technologies Inc $LHX

Key Points

• Americana Partners cut its L3Harris stake by 96.2% in the third quarter, selling 47,210 shares and retaining 1,886 shares valued at approximately $447,000.
• L3Harris reported stronger-than-expected third-quarter results, with EPS of $3.28 and revenue of $6.07 billion, while raising its 2026 EPS outlook to $12.25–$12.35. Its record $53.2 billion backlog supports future revenue visibility.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus, though concerns remain over valuation and lower long-term cash-flow and margin targets.

Americana Partners LLC lowered its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 96.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,886 shares of the company's stock after selling 47,210 shares during the quarter. Americana Partners LLC's holdings in L3Harris Technologies were worth $447,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies during the 2nd quarter valued at $5,525,806,000. State Street Corp increased its stake in shares of L3Harris Technologies by 2.9% during the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company's stock worth $2,643,600,000 after purchasing an additional 252,662 shares in the last quarter. Wellington Management Group LLP raised its holdings in L3Harris Technologies by 7.1% in the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company's stock valued at $1,367,832,000 after buying an additional 313,431 shares during the period. Bank of New York Mellon Corp acquired a new position in L3Harris Technologies in the second quarter worth about $752,983,000. Finally, Bank of America Corp DE increased its holdings in shares of L3Harris Technologies by 1.4% during the second quarter. Bank of America Corp DE now owns 1,945,342 shares of the company's stock valued at $565,297,000 after purchasing an additional 27,610 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Key Stories Impacting L3Harris Technologies

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

• Positive Sentiment: L3Harris reported third-quarter EPS of $3.28, above the $2.95 analyst consensus, while revenue rose 7.1% year over year to approximately $6.07 billion, exceeding expectations of $5.92 billion. L3Harris Technologies earnings results
• Positive Sentiment: The defense contractor raised its 2026 outlook, including full-year EPS guidance to $12.25–$12.35 from $11.80–$12.00, supported by broad-based growth and stronger cash flow. L3Harris raises yearly guidance
• Positive Sentiment: Record backlog of $53.2 billion highlights strong defense demand and improves revenue visibility. Reports also cited a rare government equity stake as an additional supportive development. LHX Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada raised its LHX price target to $295 from $265 but retained a “sector perform” rating, indicating improved valuation potential without a strong bullish recommendation. RBC raises L3Harris price target
• Negative Sentiment: Management’s lower 2028 cash-flow and margin targets raise questions about execution and may limit enthusiasm despite the stronger 2026 forecast. Valuation concerns also remain after a substantial recent run-up.

L3Harris Technologies Trading Up 0.1%

Shares of LHX opened at $277.79 on Monday. L3Harris Technologies Inc has a 1 year low of $232.34 and a 1 year high of $379.23. The stock has a market cap of $51.73 billion, a PE ratio of 25.91, a PEG ratio of 1.67 and a beta of 0.47. The company has a current ratio of 1.20, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $249.80 and a 200-day simple moving average of $305.06.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $3.28 EPS for the quarter, beating the consensus estimate of $2.95 by $0.33. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.92 billion. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. On average, sell-side analysts predict that L3Harris Technologies Inc will post 12.32 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies's dividend payout ratio is currently 46.64%.

Wall Street Analyst Weigh In

A number of research firms have commented on LHX. UBS Group reaffirmed a "neutral" rating and set a $293.00 target price on shares of L3Harris Technologies in a report on Friday. Susquehanna dropped their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research report on Friday, July 31st. BNP Paribas Exane dropped 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. TD Cowen lowered their price target on L3Harris Technologies from $370.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $343.50.

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.

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