Baird Financial Group Inc. Sells 6,298 Shares of L3Harris Technologies Inc $LHX

Key Points

• Baird Financial Group reduced its L3Harris stake by 2.7%, selling 6,298 shares and retaining 223,748 shares valued at approximately $65 million. Institutional investors collectively own 84.76% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $360.45, although several firms recently lowered targets or downgraded the stock. Shares opened at $250.72, near their 52-week low of $250.28.
• L3Harris exceeded quarterly expectations with $3.13 in EPS and $5.88 billion in revenue, while revenue grew 8.4% year over year. The company also declared a $1.25 quarterly dividend, equivalent to a 2.0% annual yield.

Baird Financial Group Inc. decreased its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 2.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,748 shares of the company's stock after selling 6,298 shares during the period. Baird Financial Group Inc. owned approximately 0.12% of L3Harris Technologies worth $65,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LHX. Fideuram Asset Management Ireland dac bought a new stake in L3Harris Technologies in the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. NBH Bank bought a new stake in L3Harris Technologies in the second quarter valued at approximately $26,000. Finally, Cedar Mountain Advisors LLC boosted its stake in shares of L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock valued at $28,000 after purchasing an additional 74 shares during the period. Institutional investors own 84.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LHX. Jefferies Financial Group cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. BNP Paribas Exane lowered their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Susquehanna dropped their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research report on Friday, July 31st. UBS Group decreased their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $360.45.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $250.72 on Thursday. The business has a 50 day moving average of $280.60 and a 200 day moving average of $312.64. L3Harris Technologies Inc has a 52 week low of $250.28 and a 52 week high of $379.23. The company has a market cap of $46.69 billion, a PE ratio of 25.32, a P/E/G ratio of 1.63 and a beta of 0.50. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to analysts' expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.0%. 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: 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

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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