L3Harris Technologies Inc $LHX Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in L3Harris Technologies Inc (NYSE:LHX) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 423,937 shares of the company’s stock after buying an additional 31,396 shares during the period. Thrivent Financial for Lutherans’ holdings in L3Harris Technologies were worth $129,475,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kiker Wealth Management LLC grew its stake in L3Harris Technologies by 137.0% during the 2nd quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock worth $27,000 after purchasing an additional 63 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of L3Harris Technologies in the 2nd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of L3Harris Technologies during the second quarter worth about $34,000. Salomon & Ludwin LLC acquired a new position in shares of L3Harris Technologies during the third quarter worth about $34,000. Finally, Rakuten Securities Inc. increased its stake in shares of L3Harris Technologies by 234.8% during the second quarter. Rakuten Securities Inc. now owns 154 shares of the company’s stock worth $39,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Key Headlines Impacting L3Harris Technologies

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

• Positive Sentiment: U.S. Navy awarded L3Harris the Red Wolf contract to develop, test and produce long‑range Precision Attack Strike Munition vehicles — a clear program win that supports future revenue and backlog growth. US Navy Selects L3Harris Red Wolf
• Positive Sentiment: Management raised FY‑2026 guidance to EPS $11.30–$11.50 and revenue $23.0–$23.5B (above consensus), signaling confidence in organic growth despite near‑term headwinds. 2025 Results & 2026 Guidance
• Positive Sentiment: Company is pursuing a Missile Solutions spinoff (with reported government investment interest) and raised its dividend — strategic moves that could unlock value and support shareholder returns. Missile Solutions IPO & growth outlook
• Positive Sentiment: Q4 EPS beat consensus ($2.86 vs. $2.76), showing underlying profitability despite weaker revenue. Q4 EPS beat
• Neutral Sentiment: Analyst reaction mixed — Royal Bank of Canada nudged its price target up to $365 with a “sector perform” rating, offering modest validation but not a strong buy signal. RBC raises target
• Neutral Sentiment: Industry coverage highlights L3Harris among peers as defense spending lifts demand for unmanned and missile systems — a sector tailwind that benefits multiple names. AVAV vs LHX analysis
• Negative Sentiment: Q4 revenue missed estimates ($5.65B vs. $5.76B) and management flagged near‑term pressure from a prolonged U.S. government shutdown that delayed contract awards — the primary driver of today’s selloff. Revenue miss due to shutdown
• Negative Sentiment: Analyst and media headlines emphasized a disappointing near‑term revenue outlook and the YoY drop in quarterly earnings, prompting short‑term selling despite longer‑term positives. Shares slide coverage
• Negative Sentiment: Quarterly earnings were lower year‑over‑year, which may concern investors focused on near‑term profitability trends. Earnings fall coverage

L3Harris Technologies Stock Performance

NYSE LHX opened at $342.50 on Friday. The company has a fifty day moving average of $308.13 and a two-hundred day moving average of $291.57. The company has a market capitalization of $64.06 billion, a PE ratio of 40.15, a P/E/G ratio of 2.42 and a beta of 0.66. L3Harris Technologies Inc has a 1 year low of $193.09 and a 1 year high of $369.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.95.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the firm earned $3.47 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. L3Harris Technologies’s dividend payout ratio is currently 56.27%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LHX. Truist Financial set a $364.00 price target on shares of L3Harris Technologies in a report on Wednesday, January 14th. Citigroup lifted their price objective on shares of L3Harris Technologies from $331.00 to $389.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a report on Monday, January 12th. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. Finally, TD Cowen reaffirmed a “buy” rating on shares of L3Harris Technologies in a report on Monday, January 5th. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $316.07.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the transaction, the chief executive officer directly owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by corporate insiders.

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.