Advisors Asset Management Trims Stake in L3Harris Technologies by 15.4%

Advisors Asset Management Inc. reduced its position in L3Harris Technologies Inc. (LHX) by 15.4% during the third quarter, according to recent regulatory filings. The investment firm sold 4,779 shares, leaving its total holdings at 26,304 shares valued at approximately $8.03 million. This move appears to be part of a routine institutional portfolio rebalancing, occurring alongside adjustments by other major investors like Stratos Wealth Advisors. Despite the reduction by AAM, market analysts maintain a "Moderate Buy" consensus rating for the aerospace and defense company. The average price target for LHX currently stands at $328.57, suggesting continued upside potential from current market levels. Overall, institutional sentiment remains largely positive even as firms adjust their specific weightings in the defense industry sector.