L3Harris Technologies (NYSE:LHX) Hits New 1-Year Low - What's Next?

Key Points

• L3Harris shares fell to a new 52-week low of $244.10, well below their 50-day and 200-day moving averages. Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $360.83.
• The company reported quarterly results above expectations, with EPS of $3.13 versus the $2.80 consensus and revenue of $5.88 billion, up 8.4% year over year. Management’s fiscal 2026 EPS guidance is $11.80–$12.00.
• L3Harris pays a quarterly dividend of $1.25 per share, yielding approximately 2.1%, while institutional investors own 84.76% of the outstanding stock.

L3Harris Technologies Inc (NYSE:LHX - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $244.10 and last traded at $243.1680, with a volume of 58383 shares traded. The stock had previously closed at $246.93.

Analyst Ratings Changes

Several research firms have recently issued reports on LHX. Jefferies Financial Group lowered L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. UBS Group cut their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Guggenheim initiated coverage on shares of L3Harris Technologies in a research note on Monday, September 14th. They issued a "buy" rating and a $365.00 target price on the stock. Finally, BNP Paribas Exane dropped their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $360.83.

L3Harris Technologies Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $273.14 and a 200 day moving average price of $306.41. The stock has a market cap of $44.74 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion for the quarter, compared to analysts' expectations of $5.81 billion. During the same period in the prior year, the business earned $2.78 EPS. The firm's quarterly revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 4th. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

Institutional Trading of L3Harris Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at about $5,525,806,000. Capital World Investors grew its holdings in L3Harris Technologies by 2.9% in the fourth quarter. Capital World Investors now owns 11,645,419 shares of the company's stock worth $3,418,747,000 after purchasing an additional 329,910 shares during the last quarter. Geode Capital Management LLC increased its position in shares of L3Harris Technologies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company's stock worth $1,505,444,000 after purchasing an additional 106,430 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of L3Harris Technologies by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company's stock valued at $1,367,832,000 after purchasing an additional 313,431 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of L3Harris Technologies during the 2nd quarter valued at $752,983,000. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.

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