Janus Henderson Group PLC Lowers Stock Position in L3Harris Technologies Inc $LHX

Janus Henderson Group PLC decreased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 13.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 198,606 shares of the company’s stock after selling 31,565 shares during the period. Janus Henderson Group PLC’s holdings in L3Harris Technologies were worth $68,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LHX. Allstate Corp increased its holdings in shares of L3Harris Technologies by 106.7% in the 4th quarter. Allstate Corp now owns 13,985 shares of the company’s stock valued at $4,106,000 after purchasing an additional 7,219 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in L3Harris Technologies during the fourth quarter worth about $907,000. Swiss National Bank boosted its holdings in L3Harris Technologies by 7.1% during the first quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after buying an additional 36,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in L3Harris Technologies by 23.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock worth $64,920,000 after buying an additional 41,414 shares during the period. Finally, Atria Investments Inc grew its position in L3Harris Technologies by 77.9% during the fourth quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock worth $4,345,000 after buying an additional 6,482 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 2.1%

Shares of NYSE LHX opened at $277.53 on Friday. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23. The firm’s 50 day moving average price is $297.54 and its 200 day moving average price is $327.59. The firm has a market cap of $51.70 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 1.18.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data 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 net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company posted $2.78 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.87 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

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

Insider Buying and Selling at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction dated 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 sale, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

Trending Headlines about L3Harris Technologies

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

• Positive Sentiment: Better-than-expected Q2 performance: L3Harris reported adjusted earnings of $3.13 per share versus the $2.80 consensus, while revenue reached $5.88 billion, exceeding estimates of $5.81 billion and increasing 8.4% year over year. Growth was broad-based, with particularly strong weapons demand. L3Harris Q2 Earnings and Revenues Beat Estimates, 2026 Outlook Raised
• Positive Sentiment: Raised outlook and record demand: Management increased its 2026 guidance to $11.80-$12.00 in earnings per share. The company also reported a record $42 billion backlog, stronger orders, wider margins and improved cash flow, offering greater visibility into future revenue. L3Harris’ Record Backlog Makes Its Stock Sell-Off Look Overdone
• Positive Sentiment: Upside in valuation: Susquehanna maintained a positive rating despite reducing its price target from $410 to $350, still implying substantial upside. Zacks also characterized L3Harris as a strong value stock, which may attract investors seeking defense exposure at a lower valuation. Here’s Why L3Harris Is a Strong Value Stock
• Neutral Sentiment: Analyst views remain mixed: BNP Paribas Exane lowered its target from $330 to $310 and assigned a neutral rating, while still indicating potential appreciation from recent trading levels. Another report cited a $310 target from the firm. L3Harris Given New Price Target at BNP Paribas Exane
• Negative Sentiment: Capital-markets setback and recent weakness: L3Harris paused plans for an IPO of its missile-solutions business, saying the market undervalues the unit. The decision may delay a potential valuation catalyst, while the stock recently reached a new 52-week low after an analyst downgrade. L3Harris Pauses IPO of Missile Solutions Business

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. BNP Paribas Exane lowered their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group dropped their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Susquehanna reduced their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $368.20.

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.