Royal Bank of Canada Reduces Holdings in L3Harris Technologies Inc $LHX

Royal Bank of Canada trimmed its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 32.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 477,606 shares of the company’s stock after selling 227,693 shares during the quarter. Royal Bank of Canada’s holdings in L3Harris Technologies were worth $164,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies during the 4th quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of L3Harris Technologies in the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies in the 4th quarter worth $25,000. American National Bank & Trust lifted its position in L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Cedar Mountain Advisors LLC lifted its position in 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 in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Key L3Harris Technologies News

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

• Positive Sentiment: Q2 results exceeded expectations: L3Harris reported adjusted EPS of $3.13 versus the $2.80 consensus and revenue of approximately $5.88 billion versus $5.81 billion expected. Revenue increased 8.4% year over year, while EPS rose from $2.78 a year earlier. L3Harris Q2 Earnings and Revenues Beat Estimates, 2026 Outlook Raised
• Positive Sentiment: Demand and cash flow were strong: Orders reached $7.3 billion, producing a 1.2x book-to-bill ratio and a record $42 billion backlog. Operating cash flow rose 37% to $879 million and free cash flow increased 37% to $771 million, supported by broad-based growth and strong weapons demand. L3Harris Technologies Reports Robust Second Quarter 2026 Results
• Positive Sentiment: Full-year guidance was raised: L3Harris now expects fiscal 2026 adjusted EPS of $11.80–$12.00, above the prior outlook and analyst consensus, with revenue guidance of $23.2–$23.7 billion. Operating margin also improved year over year. L3Harris Raises Guidance on Higher Profit, Revenue
• Neutral Sentiment: Missile-solutions IPO paused: Management reportedly suspended plans to take the missile-solutions business public, saying current market conditions undervalue the asset. The move preserves strategic flexibility but removes a potential near-term value-unlocking catalyst. L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
• Negative Sentiment: Analyst caution added pressure: BNP Paribas Exane lowered its price target from $330 to $310 and maintained a neutral rating. Although the revised target implies upside, the downgrade signals that the strong earnings report may already be reflected in the valuation. BNP Paribas Exane L3Harris Price Target Update

L3Harris Technologies Trading Down 8.5%

Shares of LHX stock opened at $272.28 on Friday. L3Harris Technologies Inc has a 52-week low of $262.68 and a 52-week high of $379.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a market capitalization of $50.72 billion, a PE ratio of 27.50, a PEG ratio of 1.51 and a beta of 0.51. The stock has a fifty day simple moving average of $298.23 and a two-hundred day simple moving average of $327.94.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 11.00% and a net margin of 8.17%.The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the firm earned $2.78 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts predict that L3Harris Technologies Inc will post 11.54 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies’s payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

LHX has been the subject of a number of analyst reports. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein lowered their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. BNP Paribas Exane reduced their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $370.22.

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.