L3Harris Technologies (NYSE:LHX) Sets New 12-Month Low – Time to Sell?

L3Harris Technologies Inc (NYSE:LHX)’s stock price reached a new 52-week low on Thursday . The company traded as low as $250.28 and last traded at $250.7170, with a volume of 1251332 shares traded. The stock had previously closed at $255.74.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Major PAC-3 contract: L3Harris received a $4.7 billion, seven-year contract from Lockheed Martin to produce propulsion systems for PAC-3 Missile Segment Enhancement interceptors. The award is the company’s largest PAC-3 propulsion contract to date and should provide substantial backlog visibility, supporting missile-defense revenue and planned manufacturing-capacity expansion. L3Harris PAC-3 propulsion contract
• Positive Sentiment: Counter-drone opportunity: The U.S. Navy selected L3Harris’ VAMPIRE system for littoral counter-drone defense. The decision strengthens the company’s position in the growing counter-unmanned-aircraft market and could lead to additional procurement opportunities. U.S. Navy selects L3Harris VAMPIRE
• Positive Sentiment: Solid operating performance: L3Harris’ latest reported quarter exceeded expectations, with earnings of $3.13 per share versus a $2.80 consensus estimate and revenue of $5.88 billion versus $5.81 billion expected. Revenue increased 8.4% year over year, while full-year 2026 EPS guidance is $11.80-$12.00. L3Harris contract and quarterly growth
• Neutral Sentiment: Management’s presentation at the Jefferies Global Industrials Conference may provide additional detail on program execution, demand and guidance, but no material new financial target is identified in the supplied information. L3Harris Jefferies conference transcript
• Negative Sentiment: Analyst downgrade: Melius Research cut LHX from “Buy” to “Hold,” potentially limiting near-term upside after the recent defense-contract gains.
• Negative Sentiment: Legal overhang: Pomerantz LLP announced an investigation into potential claims on behalf of L3Harris investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk. Pomerantz L3Harris investor investigation

Analyst Ratings Changes

LHX has been the topic of several research reports. BNP Paribas Exane dropped their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research note on Wednesday, August 26th. Melius Research cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna cut their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $360.45.

L3Harris Technologies Stock Down 2.0%

The company has a market capitalization of $46.69 billion, a PE ratio of 25.32, a P/E/G ratio of 1.63 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company’s 50-day moving average is $280.60 and its 200 day moving average is $312.64.

L3Harris Technologies (NYSE:LHX) 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. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

Hedge Funds Weigh In On L3Harris Technologies

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in L3Harris Technologies by 27,873.4% during the 2nd quarter. California State Teachers Retirement System now owns 83,761,115 shares of the company’s stock valued at $24,340,142,000 after buying an additional 83,461,684 shares during the last quarter. BlackRock Inc. purchased a new position in shares of L3Harris Technologies in the 2nd quarter worth $5,525,806,000. Bank of New York Mellon Corp purchased a new position in shares of L3Harris Technologies in the 2nd quarter worth $752,983,000. Artisan Partners Limited Partnership grew its holdings in shares of L3Harris Technologies by 174.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock worth $557,933,000 after acquiring an additional 1,207,334 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of L3Harris Technologies in the second quarter worth $174,006,000. Hedge funds and other 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.