L3Harris Technologies stock (US5024311095): U.S. defense name in focus as Bank of New York Mellon trims stake

L3Harris Technologies shares on the NYSE remain near the USD 300 mark after a fresh filing showed Bank of New York Mellon cutting its position, while the U.S. defense contractor continues to post solid growth and attract a Moderate Buy consensus on Wall Street.

L3Harris Technologies shares on the New York Stock Exchange traded around USD 308.26 at the close on 06/02/2026, leaving the U.S. defense stock broadly steady even as a new filing showed a large institutional holder reducing its stake, according to MarketBeat data as of 06/02/2026 and a related filing report as of 06/03/2026.MarketBeat as of 06/02/2026MarketBeat filing alert as of 06/03/2026

The stock, which trades in the United States under the ticker LHX and forms part of the domestic aerospace and defense universe, has drawn renewed attention from U.S. investors after Bank of New York Mellon disclosed the sale of 81,112 shares, even as recent quarterly figures showed double-digit revenue growth for the Florida-based group, according to a 06/03/2026 institutional ownership update.MarketBeat filing alert as of 06/03/2026

As of: 03/06/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: L3Harris Technologies
• Sector/industry: Aerospace and defense technology
• Headquarters/country: Melbourne, United States
• Core markets: United States, allied defense and security markets worldwide
• Key revenue drivers: Space & Mission Systems, Communications & Spectrum Dominance, Missile Solutions
• Home exchange/listing venue: New York Stock Exchange (LHX)
• Trading currency: USD

L3Harris Technologies: core business model

L3Harris Technologies focuses on advanced defense and communications technologies, with revenue largely generated from government and allied contracts for mission-critical space, communications, and missile systems.Simply Wall St profile as of 2026

L3Harris Technologies in peer comparison

Against other large U.S. aerospace and defense companies, L3Harris Technologies is frequently compared with names such as Lockheed Martin and Northrop Grumman, which also derive a substantial portion of their revenue from U.S. Department of Defense and allied government contracts, according to sector overviews and fundamental profiles published in 2026.MarketBeat LHX overview as of 2026Simply Wall St Lockheed Martin overview as of 2026

MarketBeat data as of 06/02/2026 show that L3Harris Technologies carried a consensus rating of Moderate Buy based on 17 Wall Street analysts, with an average 12-month price target of USD 354.75, compared with a closing price of USD 308.26, while peers in the U.S. defense complex also trade with broadly supportive analyst views but distinct valuation profiles.MarketBeat forecast as of 06/02/2026

Conclusion

The latest institutional filing showing Bank of New York Mellon reducing its position in L3Harris Technologies gives investors a fresh data point to assess alongside the stock's stable trading around USD 308 and the company's role in the U.S. aerospace and defense sector.MarketBeat filing alert as of 06/03/2026

In peer comparison, the Moderate Buy consensus and average price target of USD 354.75 position L3Harris Technologies as a core U.S. defense name with valuation and growth characteristics that market participants can weigh against other large contractors when forming their own views on the stock.MarketBeat forecast as of 06/02/2026

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.