Asset Management One Co. Ltd. Sells 4,953 Shares of L3Harris Technologies Inc $LHX

Key Points

• Asset Management One reduced its L3Harris stake by 5.5%, selling 4,953 shares and retaining 84,508 shares valued at approximately $20.01 million. Institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris exceeded quarterly earnings expectations, reporting $3.28 in EPS and roughly $6.07 billion in revenue, with revenue up 7.1% year over year.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.8% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $341.71.

Asset Management One Co. Ltd. decreased its position in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,508 shares of the company's stock after selling 4,953 shares during the period. Asset Management One Co. Ltd.'s holdings in L3Harris Technologies were worth $20,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LHX. Hunter Associates Investment Management LLC boosted its position in shares of L3Harris Technologies by 1.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company's stock valued at $763,000 after purchasing an additional 34 shares in the last quarter. Miller Global Investments LLC raised its holdings in shares of L3Harris Technologies by 34.0% in the 2nd quarter. Miller Global Investments LLC now owns 138 shares of the company's stock worth $40,000 after purchasing an additional 35 shares in the last quarter. AlTi Global Inc. lifted its stake in L3Harris Technologies by 4.3% during the first quarter. AlTi Global Inc. now owns 923 shares of the company's stock valued at $319,000 after purchasing an additional 38 shares during the last quarter. Twin Lakes Capital Management LLC lifted its stake in L3Harris Technologies by 0.3% during the second quarter. Twin Lakes Capital Management LLC now owns 14,195 shares of the company's stock valued at $4,125,000 after purchasing an additional 38 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in L3Harris Technologies by 18.8% during the third quarter. Center for Financial Planning Inc. now owns 246 shares of the company's stock valued at $58,000 after purchasing an additional 39 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 7.1%

Shares of L3Harris Technologies stock opened at $279.12 on Friday. L3Harris Technologies Inc has a 1 year low of $232.34 and a 1 year high of $379.23. The company has a market cap of $51.97 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.63 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $249.65 and a 200 day moving average price of $305.38.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly 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. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business had revenue of $6.07 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the company posted $2.70 EPS. L3Harris Technologies's revenue was up 7.1% on a year-over-year basis. As a group, analysts expect that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies's dividend payout ratio (DPR) is 50.51%.

Key Stories Impacting L3Harris Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations. L3Harris reported third-quarter adjusted earnings of $3.28 per share, above the roughly $2.95–$2.99 analyst consensus, while revenue reached approximately $6.06 billion to $6.07 billion versus expectations of $5.92 billion. Revenue grew 7.1% year over year and EPS increased from $2.70 in the prior-year quarter. L3Harris Delivers Record and Strong Third-Quarter Results
• Positive Sentiment: Management raised full-year guidance. The company now expects full-year EPS of $12.25 to $12.35, up from its previous range of $11.80 to $12.00. L3Harris also increased its 2026 revenue outlook, supported by broad-based growth and stronger cash flow. L3Harris Raises Yearly Guidance After Notching Record Backlog
• Positive Sentiment: Record backlog improved future revenue visibility. The earnings release and conference call emphasized strong bookings and a record backlog, reinforcing expectations for sustained defense demand. Reports also pointed to a rare government equity stake as an additional potential catalyst for investor sentiment. L3Harris Surges on Earnings Beat and Government Equity Stake
• Neutral Sentiment: Chief Executive Mehta indicated that L3Harris expects fewer portfolio adjustments ahead and will focus on executing and growing its existing businesses. This could reduce restructuring uncertainty, but it provides less near-term transaction-related upside. Fewer Portfolio Adjustments Ahead for L3Harris
• Negative Sentiment: Despite the favorable results, commentary noted that L3Harris could trade at a discount after a roughly 54% run, raising concerns that some of the improved outlook may already be reflected in the valuation. L3Harris Stock Could Trade at a Discount

Analysts Set New Price Targets

LHX has been the topic of several recent research reports. Melius Research lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Guggenheim began coverage on L3Harris Technologies in a research report on Monday, September 14th. They set a "buy" rating and a $365.00 price objective for the company. Argus downgraded L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Friday, September 25th. Wall Street Zen lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Finally, Weiss Ratings cut L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.71.

L3Harris Technologies Profile

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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