Forum Financial Management LP Reduces Position in L3Harris Technologies Inc $LHX

Posted by Brian Himes on Jul 2nd, 2026

Forum Financial Management LP trimmed its holdings in L3Harris Technologies Inc (NYSE:LHX – Free Report) by 85.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 621 shares of the company’s stock after selling 3,618 shares during the period. Forum Financial Management LP’s holdings in L3Harris Technologies were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LHX. Brighton Jones LLC boosted its holdings in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after acquiring an additional 3,001 shares during the last quarter. Jump Financial LLC lifted its position in L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock valued at $751,000 after purchasing an additional 388 shares during the period. NewEdge Advisors LLC lifted its position in L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock valued at $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC purchased a new stake in L3Harris Technologies in the second quarter worth approximately $856,000. Finally, CIBC Asset Management Inc boosted its holdings in L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after purchasing an additional 33,321 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 0.6%

LHX opened at $292.29 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. L3Harris Technologies Inc has a fifty-two week low of $249.11 and a fifty-two week high of $379.23. The firm’s fifty day moving average is $307.25 and its 200 day moving average is $328.99. The stock has a market cap of $54.45 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio is 54.29%.

Insider Activity

In related 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 transaction 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LHX shares. Sanford C. Bernstein decreased their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. UBS Group dropped their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

Get Our Latest Analysis on LHX

About L3Harris Technologies

(Free Report)

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.