Clearbridge Dividend Strategy Initiated a Position in L3Harris Technologies (LHX) on a Dip
In its second quarter 2025 investor letter, ClearBridge Dividend Strategy highlighted stocks such as L3Harris Technologies, Inc. (NYSE:LHX). L3Harris Technologies, Inc. (NYSE:LHX) is a global provider of mission-critical solutions for government and commercial customers. The one-month return of L3Harris Technologies, Inc. (NYSE:LHX) was 4.22%, and its shares gained 13.12% of their value over the last 52 weeks. On July 8, 2025, L3Harris Technologies, Inc. (NYSE:LHX) stock closed at $257.09 per share, with a market capitalization of $48.062 billion.
ClearBridge Dividend Strategy stated the following regarding L3Harris Technologies, Inc. (NYSE:LHX) in its second quarter 2025 investor letter:
"During the quarter we initiated a position in L3Harris Technologies, Inc. (NYSE:LHX), a defense company which had sold off on DOGE-related concerns. With armed conflict breaking out all over, robust defense spending seems like one of today's few safe bets. L3Harris possesses a robust balance sheet and a strong outlook, and it offered an attractive entry point at a steep discount to the broader market in terms of free cash flow."
A military jetfighter against a deep blue sky with the sun behind it.
L3Harris Technologies, Inc. (NYSE:LHX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held L3Harris Technologies, Inc. (NYSE:LHX) at the end of the first quarter, compared to 48 in the previous quarter. While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered L3Harris Technologies, Inc. (NYSE:LHX) and shared the list of best industrial stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None. This article is originally published at Insider Monkey.
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