L3Harris Technologies (NYSE:LHX) Sets New 1-Year Low - Should You Sell?

Key Points

• L3Harris Technologies fell to a new 52-week low of $234, trading below its 50-day and 200-day moving averages, signaling continued recent weakness in the stock.
• Analyst sentiment remains mixed: several firms downgraded or reduced price targets, but the overall consensus is still “Moderate Buy” with a target price of $355.92.
• The company reported quarterly EPS and revenue above estimates, with revenue up 8.4% year over year, and maintains a $1.25 quarterly dividend, equal to a 2.1% yield.

L3Harris Technologies Inc (NYSE:LHX - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $234.00 and last traded at $233.8250, with a volume of 92037 shares changing hands. The stock had previously closed at $237.90.

Analyst Ratings Changes

Several analysts recently weighed in on LHX shares. Wall Street Zen upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. BNP Paribas Exane cut their target price on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. UBS Group lowered their price target on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Melius Research cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $355.92.

L3Harris Technologies Stock Performance

The company has a market cap of $43.62 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.51 and a beta of 0.50. 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 business has a fifty day simple moving average of $261.54 and a two-hundred day simple moving average of $296.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.91 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders 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 was Friday, September 4th. L3Harris Technologies's dividend payout ratio (DPR) is currently 50.51%.

Hedge Funds Weigh In On L3Harris Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Moody National Bank Trust Division increased its holdings in shares of L3Harris Technologies by 13.4% in the 3rd quarter. Moody National Bank Trust Division now owns 2,918 shares of the company's stock worth $691,000 after buying an additional 345 shares during the last quarter. Ridgewood Investments LLC bought a new stake in L3Harris Technologies in the third quarter worth about $612,000. Doliver Advisors LP lifted its stake in shares of L3Harris Technologies by 13.9% during the 3rd quarter. Doliver Advisors LP now owns 6,517 shares of the company's stock worth $1,543,000 after acquiring an additional 797 shares during the last quarter. Stonebridge Financial Group LLC lifted its position in shares of L3Harris Technologies by 4.6% during the third quarter. Stonebridge Financial Group LLC now owns 19,974 shares of the company's stock worth $4,729,000 after purchasing an additional 879 shares during the last quarter. Finally, Parrish Capital LLC boosted its position in L3Harris Technologies by 12.2% in the 3rd quarter. Parrish Capital LLC now owns 5,180 shares of the company's stock valued at $1,227,000 after buying an additional 565 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

About L3Harris Technologies

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.

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