Advisors Asset Management Inc. reduced its position in L3Harris Technologies Inc. (LHX) by 15.4% during the third quarter. According to recent filings, the firm sold 4,779 shares, bringing its total holdings to 26,304 shares valued at approximately $8.03 million. This move comes as several institutional investors adjust their portfolios within the defense sector. Despite the reduction by AAM, the broader market sentiment for L3Harris remains generally positive. Analysts currently maintain a 'Moderate Buy' consensus rating for the stock, with an average price target of $328.57. The adjustment is viewed as a routine portfolio rebalancing rather than a shift in the company's fundamental outlook.
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