Strs Ohio Reduces Position in L3Harris Technologies Inc $LHX

Key Points

• Strs Ohio cut its stake in L3Harris by 18.4% in Q4, selling 25,592 shares and ending the period with 113,374 shares worth about $33.28 million.
• L3Harris beat Q1 estimates (EPS $2.72 vs $2.53; revenue $5.74B, +11.9% YoY), raised FY‑2026 guidance to $11.40–$11.60, and confidentially filed an S‑1 for its Missile Solutions unit while reporting a record backlog of roughly $40.7 billion, though the stock initially sold off on guidance/IPO timing concerns.

Strs Ohio lessened its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,374 shares of the company's stock after selling 25,592 shares during the period. Strs Ohio owned about 0.06% of L3Harris Technologies worth $33,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LHX. Burns J W & Co. Inc. NY grew its position in L3Harris Technologies by 3.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company's stock valued at $290,000 after acquiring an additional 30 shares during the last quarter. American National Bank & Trust lifted its position in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company's stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of L3Harris Technologies by 3.7% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company's stock worth $253,000 after purchasing an additional 31 shares during the last quarter. Rainier Family Wealth Inc. boosted its stake in shares of L3Harris Technologies by 4.8% during the fourth quarter. Rainier Family Wealth Inc. now owns 700 shares of the company's stock valued at $205,000 after purchasing an additional 32 shares during the period. Finally, San Luis Wealth Advisors LLC grew its holdings in shares of L3Harris Technologies by 5.1% in the fourth quarter. San Luis Wealth Advisors LLC now owns 705 shares of the company's stock worth $207,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Trading Down 2.2%

Shares of NYSE:LHX opened at $313.58 on Friday. The business's 50-day moving average is $352.19 and its 200 day moving average is $323.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.02. L3Harris Technologies Inc has a 1 year low of $214.10 and a 1 year high of $379.23. The firm has a market capitalization of $58.57 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.58 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.19. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, research analysts predict that L3Harris Technologies Inc will post 11.48 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies's dividend payout ratio (DPR) is currently 54.29%.

L3Harris Technologies News Roundup

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

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $2.72 vs. consensus ~ $2.53 and revenue ~ $5.74B (up ~12% YoY); operating margin and organic growth improved, supporting near‑term profitability. Business Wire: Q1 Results
• Positive Sentiment: Strong weapons and missile demand boosted results — missile solutions revenue rose (~18%); orders of $7.8B and book‑to‑bill of 1.4x pushed backlog to a record ~$40.7B, supporting future revenue visibility. Reuters: Lifts 2026 Profit Forecast
• Positive Sentiment: Company confidentially filed a draft S‑1 for an IPO of its Missile Solutions unit — potential value realization and strategic optionality for shareholders if executed. Reuters: Missile Unit IPO Filing
• Neutral Sentiment: Management raised FY‑2026 EPS guidance to $11.40–$11.60, but the midpoint is slightly below some analyst consensus (introducing mixed reactions despite the raise). Zacks: Guidance Raised
• Negative Sentiment: Market reaction: shares sold off after the print — some investors focused on guidance being slightly light and on near‑term execution/uncertainty around the IPO timing, outweighing the beat for now. Barron's: Stock Falls After Earnings

Insider Buying and Selling at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,756 shares of the company's stock, valued at approximately $2,872,201.92. This represents a 41.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the firm's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the sale, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. This trade represents a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 19,025 shares of company stock valued at $6,824,370. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LHX shares. Vertical Research reaffirmed a "buy" rating and set a $355.00 price target on shares of L3Harris Technologies in a research note on Tuesday, January 13th. Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a report on Friday. Susquehanna reissued a "positive" rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Weiss Ratings downgraded L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $350.18.

L3Harris Technologies Company Profile

L3Harris Technologies NYSE: LHX is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company's offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.