Clearbridge Investments Reduces $105M in L3Harris Technologies, Inc. ($LHX)
Key Points
- Clearbridge Investments changed its L3Harris Technologies, Inc. ($LHX) stake by 10.8% last quarter, cutting to 2,762,767 shares worth $862.45 million.
- Wall Street's consensus rating on $LHX is Buy and an average price target of $381.95.
- $LHX last traded around $312.17.
Clearbridge Investments reduced its position in L3Harris Technologies, Inc. ($LHX) by 10.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,762,767 shares of L3Harris Technologies, Inc. after selling 335,290 shares during the quarter. Clearbridge Investments's holdings in L3Harris Technologies, Inc. were worth $862.45 million as of its most recent filing.
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About L3Harris Technologies, Inc.
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
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