Thrivent Financial for Lutherans Grows Position in L3Harris Technologies Inc $LHX

Thrivent Financial for Lutherans grew its stake in L3Harris Technologies Inc (NYSE:LHX) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 423,937 shares of the company’s stock after buying an additional 31,396 shares during the period. Thrivent Financial for Lutherans owned 0.23% of L3Harris Technologies worth $129,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victrix Investment Advisors grew its stake in L3Harris Technologies by 11.3% during the 3rd quarter. Victrix Investment Advisors now owns 2,556 shares of the company’s stock valued at $781,000 after purchasing an additional 259 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of L3Harris Technologies by 1.2% in the 3rd quarter. Independent Advisor Alliance now owns 21,271 shares of the company’s stock valued at $6,496,000 after purchasing an additional 246 shares during the period. Everhart Financial Group Inc. acquired a new position in shares of L3Harris Technologies in the third quarter worth about $230,000. Howard Capital Management Inc. increased its stake in shares of L3Harris Technologies by 23.6% in the 3rd quarter. Howard Capital Management Inc. now owns 1,496 shares of the company’s stock valued at $457,000 after purchasing an additional 286 shares in the last quarter. Finally, National Pension Service raised its stake in shares of L3Harris Technologies by 4.1% during the 3rd quarter. National Pension Service now owns 326,198 shares of the company’s stock worth $99,624,000 after buying an additional 12,876 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

More L3Harris Technologies News

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. L3Harris Technologies Inc has a fifty-two week low of $193.09 and a fifty-two week high of $369.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.19. The company has a 50 day moving average price of $308.13 and a 200 day moving average price of $291.57. The stock has a market capitalization of $64.06 billion, a P/E ratio of 40.15, a PEG ratio of 2.42 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the company earned $3.47 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

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

Insider Buying and Selling

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the completion of the transaction, the chief executive officer directly owned 144,426 shares of the company’s stock, valued at $43,479,447.30. The trade was a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LHX has been the topic of several recent analyst reports. Susquehanna reaffirmed a “positive” rating on shares of L3Harris Technologies in a report on Thursday, January 15th. Weiss Ratings upgraded L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Royal Bank Of Canada upped their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a report on Friday. TD Cowen restated a “buy” rating on shares of L3Harris Technologies in a research report on Monday, January 5th. Finally, Citigroup upped their price objective on shares of L3Harris Technologies from $331.00 to $389.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $316.07.

About L3Harris Technologies

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.