Vanguard Group Inc. Raises Stock Position in L3Harris Technologies Inc $LHX

Key Points

• Vanguard raised its stake in L3Harris by 0.8% in Q4 to 23,410,806 shares, now owning about 12.52% of the company (≈$6.87 billion).
• L3Harris closed a $1 billion strategic investment from the Department of War into its Missile Solutions business to expand facilities, R&D and production capacity, strengthening backlog and cash support for growth.
• The board declared a quarterly dividend of $1.25 per share (ex-dividend June 5; payable June 26), representing an annualized yield of roughly 1.6%.

Vanguard Group Inc. lifted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,410,806 shares of the company's stock after purchasing an additional 190,955 shares during the quarter. Vanguard Group Inc. owned about 12.52% of L3Harris Technologies worth $6,872,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LHX. Bank of America Corp DE increased its stake in L3Harris Technologies by 3.1% during the 2nd quarter. Bank of America Corp DE now owns 1,728,519 shares of the company's stock worth $433,582,000 after buying an additional 52,776 shares during the period. Capital Research Global Investors boosted its position in L3Harris Technologies by 23.3% in the 3rd quarter. Capital Research Global Investors now owns 1,657,085 shares of the company's stock valued at $506,090,000 after buying an additional 312,846 shares during the period. AGF Management Ltd. grew its stake in shares of L3Harris Technologies by 15.9% in the third quarter. AGF Management Ltd. now owns 1,500,887 shares of the company's stock worth $458,386,000 after acquiring an additional 205,479 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of L3Harris Technologies by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,440,599 shares of the company's stock worth $439,920,000 after acquiring an additional 35,951 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of L3Harris Technologies by 1,053.9% during the third quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company's stock worth $360,964,000 after acquiring an additional 1,079,474 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Key L3Harris Technologies News

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

• Positive Sentiment: L3Harris closed a $1 billion strategic investment from the Department of War into its Missile Solutions business to expand facilities, R&D and production capacity — a material, high-quality win that strengthens backlog and cash support for growth. L3Harris Closes $1B Investment from Department of War in Missile Solutions Business
• Positive Sentiment: Short interest fell sharply in April (down ~15.9% to ~2.55M shares; short-interest ratio ~2.3 days and ~1.4% of float), reducing a source of downside pressure and suggesting fewer bearish bets against the stock.
• Positive Sentiment: The board declared a quarterly cash dividend of $1.25 per share (payable June 26; ex-dividend/record June 5) — a sign of capital return and income support for shareholders (annualized yield ≈1.5%). L3Harris Announces Quarterly Dividend
• Positive Sentiment: L3Harris plans an F‑35 sustainment depot in Quebec as Ottawa reviews fighter orders — another program-level win that could expand long-term sustainment revenue, though it depends on government procurement outcomes. L3Harris to establish F-35 sustainment depot in Quebec as Ottawa reviews fighter jets order
• Neutral Sentiment: Analyst previews expect LHX to post EPS growth and possibly beat next week, reflecting demand strength across communications and missile systems, which supports medium-term expectations. L3Harris (LHX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Neutral Sentiment: NYSE market notices and premarket coverage are running today (general market context rather than LHX-specific catalysts). NYSE Content Update: NYSE to Host 'Ring the Bell for Financial Literacy'
• Negative Sentiment: Outlook risk: Zacks notes that late-quarter production ramps could limit immediate revenue upside even if demand is solid — a timing/operational issue that can pressure near-term results and sentiment. L3Harris Technologies to Post Q1 Earnings: Here's What's in the Cards

Analyst Upgrades and Downgrades

LHX has been the subject of a number of recent research reports. Truist Financial set a $364.00 target price on L3Harris Technologies in a report on Wednesday, January 14th. Sanford C. Bernstein restated an "outperform" rating on shares of L3Harris Technologies in a report on Friday, February 6th. Royal Bank Of Canada increased their price target on L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. Argus raised L3Harris Technologies to a "strong-buy" rating in a research report on Friday, February 27th. Finally, Wolfe Research restated an "outperform" rating on shares of L3Harris Technologies in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $349.55.

L3Harris Technologies Trading Down 0.0%

LHX opened at $317.38 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19. L3Harris Technologies Inc has a one year low of $214.10 and a one year high of $379.23. The company has a market cap of $59.28 billion, a P/E ratio of 37.21, a PEG ratio of 1.60 and a beta of 0.62. The business's 50-day simple moving average is $354.48 and its 200-day simple moving average is $322.99.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.76 by $0.10. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.47 earnings per share. As a group, equities research analysts expect that L3Harris Technologies Inc will post 11.53 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies's dividend payout ratio is presently 58.62%.

Insider Activity

In related news, insider Samir Mehta sold 5,528 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the sale, the insider directly owned 7,756 shares of the company's stock, valued at $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the company's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares of the company's stock, valued at $1,666,958.90. This represents a 32.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,025 shares of company stock worth $6,824,370. Corporate insiders own 0.68% of the company's stock.

L3Harris Technologies 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.

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