L3Harris Technologies (LHX) Shares Declined 8.44% Over Past Month Despite Strong Q2 Results, as Artisan Global Opportunities Fund Began Harvesting Position
Artisan Global Opportunities Fund noted in its Q2 2026 investor letter that L3Harris Technologies (LHX) recently exceeded expectations with 15% organic growth and a backlog of $41 billion, driven by accelerating international demand. However, the company's shares declined amid concerns over future competition and potential implications for long-term market share. The fund has started harvesting its position in LHX, reallocating capital within the industrials sector. As of September 1, LHX closed at $263.56 per share.
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