California State Teachers Retirement System Sells 7,959 Shares of L3Harris Technologies Inc $LHX

California State Teachers Retirement System trimmed its position in L3Harris Technologies Inc (NYSE:LHX) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,431 shares of the company’s stock after selling 7,959 shares during the quarter. California State Teachers Retirement System’s holdings in L3Harris Technologies were worth $103,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LHX. Artisan Partners Limited Partnership raised its stake in shares of L3Harris Technologies by 174.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock valued at $557,933,000 after acquiring an additional 1,207,334 shares during the last quarter. Two Sigma Investments LP lifted its holdings in L3Harris Technologies by 560.7% in the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after buying an additional 521,312 shares during the period. Boston Partners grew its position in shares of L3Harris Technologies by 27.6% in the 4th quarter. Boston Partners now owns 2,401,871 shares of the company’s stock worth $709,396,000 after buying an additional 519,226 shares during the last quarter. M&T Bank Corp increased its stake in shares of L3Harris Technologies by 3,127.8% during the fourth quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock valued at $119,994,000 after buying an additional 396,077 shares during the period. Finally, Diamant Asset Management Inc. increased its stake in shares of L3Harris Technologies by 34,415.0% during the first quarter. Diamant Asset Management Inc. now owns 357,230 shares of the company’s stock valued at $123,298,000 after buying an additional 356,195 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies News Roundup

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

• Positive Sentiment: Profit and revenue exceeded expectations. L3Harris reported second-quarter adjusted EPS of $3.13, above the $2.80 consensus and up from $2.78 a year earlier. Revenue rose 8% to $5.9 billion, while operating margin improved to 11.1%. L3Harris Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year EPS guidance was raised. L3Harris now expects fiscal 2026 EPS of $11.80 to $12.00, 40 cents higher than its prior outlook and above the approximately $11.67 analyst consensus. L3Harris Raises Guidance on Higher Profit, Revenue
• Positive Sentiment: Backlog and cash generation strengthened. Orders totaled $7.3 billion, producing a 1.2-times book-to-bill ratio and lifting backlog to a record $42 billion. Operating cash flow increased 37% to $879 million, while free cash flow rose 37% to $771 million. L3Harris Reports Second Quarter 2026 Results
• Positive Sentiment: Long-term missile-production agreements add visibility. Seven-year deals to expand Patriot and THAAD missile output could support future defense revenue and backlog. L3Harris Signs Deals to Expand Missile Output
• Neutral Sentiment: Revenue guidance was less compelling than the EPS increase. The company expects fiscal 2026 revenue of $23.2 billion to $23.7 billion, with the midpoint roughly matching the $23.5 billion consensus estimate. Analysts maintain a “Moderate Buy” consensus view. Analyst Consensus Recommendation
• Negative Sentiment: Investors may have been expecting an even stronger outlook. Although earnings guidance increased, revenue guidance did not materially exceed expectations. L3Harris also trades at a relatively high earnings multiple, leaving the stock vulnerable to selling when results are viewed as merely meeting elevated expectations.

L3Harris Technologies Stock Down 2.8%

LHX stock opened at $296.73 on Thursday. L3Harris Technologies Inc has a twelve month low of $267.25 and a twelve month high of $379.23. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $298.92 and a 200 day moving average of $328.39. The firm has a market cap of $55.28 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, research analysts forecast that L3Harris Technologies Inc will post 11.54 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders 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 annualized dividend and a yield of 1.7%. L3Harris Technologies’s payout ratio is 54.29%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts recently commented on LHX shares. Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group dropped their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $368.00.

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.