L3Harris Technologies Inc $LHX Stock: D.A. Davidson & CO. Raises Holdings

Key Points

• D.A. Davidson increased its L3Harris stake by 43.8% in the third quarter to 12,707 shares valued at approximately $3.0 million. Institutional investors and hedge funds collectively own 84.76% of LHX.
• L3Harris reported stronger-than-expected quarterly results, including $3.28 in EPS and $6.07 billion in revenue, with revenue rising 7.1% year over year. The company also received $121 million in U.S. Army orders and raised its 2026 guidance.
• Analyst sentiment is mixed but generally positive: J.P. Morgan resumed coverage with an Overweight rating and a $295 price target, while UBS maintained a Hold rating; the consensus rating is Moderate Buy with a $343.50 target.

D.A. Davidson & CO. lifted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 43.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,707 shares of the company's stock after purchasing an additional 3,868 shares during the period. D.A. Davidson & CO.'s holdings in L3Harris Technologies were worth $3,009,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LHX. BOKF NA raised its position in shares of L3Harris Technologies by 50.6% in the 3rd quarter. BOKF NA now owns 12,303 shares of the company's stock valued at $2,913,000 after acquiring an additional 4,134 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in L3Harris Technologies by 8.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,094 shares of the company's stock worth $259,000 after acquiring an additional 81 shares during the last quarter. North Dakota State Investment Board grew its holdings in L3Harris Technologies by 2.6% during the third quarter. North Dakota State Investment Board now owns 5,698 shares of the company's stock valued at $1,349,000 after purchasing an additional 145 shares during the period. Conning Inc. grew its holdings in L3Harris Technologies by 22.5% during the third quarter. Conning Inc. now owns 146,726 shares of the company's stock valued at $34,742,000 after purchasing an additional 26,957 shares during the period. Finally, William Mack & Associates Inc. bought a new stake in L3Harris Technologies in the third quarter valued at approximately $79,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting L3Harris Technologies

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

• Positive Sentiment: L3Harris received multiple U.S. Army production orders worth a combined $121 million for its Low-Cost Data Radio (LOCODA) solution. The equipment is intended to improve vehicle communications and support Army command-and-control applications, adding near-term backlog visibility. L3Harris Receives $121 Million in Orders to Support Army Command and Control
• Positive Sentiment: The company announced work to advance submarine technology for Germany and Norway, strengthening L3Harris’s position in allied undersea-defense programs and potentially supporting longer-term international growth. L3Harris Technologies to Advance German and Norwegian Submarine Technology
• Positive Sentiment: J.P. Morgan resumed coverage with an Overweight rating, a constructive signal for investor sentiment. L3Harris Rated Overweight by JP Morgan
• Positive Sentiment: L3Harris’s price target was raised to $295, indicating analysts see additional upside from recent trading levels. L3Harris Technologies Price Target Raised to $295
• Positive Sentiment: Recent quarterly results showed revenue growth of 7.1%, earnings above consensus and raised 2026 guidance, reinforcing the case for an operational rebound after the stock’s prior decline. L3Harris Stock Took a Beating—Is a 20% Rebound Next?
• Neutral Sentiment: UBS maintained its Hold rating, providing a more cautious counterpoint to the bullish J.P. Morgan view. UBS Maintains Hold Rating for L3Harris Technologies

L3Harris Technologies Price Performance

NYSE:LHX opened at $278.83 on Tuesday. L3Harris Technologies Inc has a 12-month low of $232.34 and a 12-month high of $379.23. The firm has a market capitalization of $51.92 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.63 and a beta of 0.50. The stock's 50 day moving average price is $250.04 and its two-hundred day moving average price is $304.75. 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 posted its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.95 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $6.07 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the company posted $2.70 EPS. L3Harris Technologies's quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that L3Harris Technologies Inc will post 12.32 earnings per share for the current year.

L3Harris Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on LHX shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. TD Cowen dropped their target price on shares of L3Harris Technologies from $370.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, October 9th. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. Susquehanna lowered their price objective 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. Finally, UBS Group raised their price objective on shares of L3Harris Technologies from $264.00 to $293.00 and gave the stock a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $343.50.

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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