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

L3Harris Technologies Inc (NYSE:LHX)’s stock price hit a new 52-week low during mid-day trading 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.

Wall Street Analyst Weigh In

LHX has been the subject of several recent analyst reports. BNP Paribas Exane lowered their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein dropped their price objective on shares of L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating on the stock in a report on Wednesday, September 23rd. 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 L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.92.

L3Harris Technologies Stock Performance

The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average price is $261.54 and its two-hundred day moving average price is $296.57. The stock has a market capitalization of $43.62 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating 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 analyst estimates of $5.81 billion. During the same quarter last year, the business earned $2.78 earnings per share. The firm’s 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, equities research analysts forecast that L3Harris Technologies Inc will post 11.91 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s payout ratio is currently 50.51%.

Institutional Trading of L3Harris Technologies

Several institutional investors have recently bought and sold shares of LHX. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies during the second quarter worth about $5,525,806,000. Bank of New York Mellon Corp purchased a new position in L3Harris Technologies in the 2nd quarter valued at about $752,983,000. Artisan Partners Limited Partnership boosted its holdings in L3Harris Technologies by 174.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock worth $557,933,000 after buying an additional 1,207,334 shares during the last quarter. Deutsche Bank AG purchased a new stake in L3Harris Technologies during the 2nd quarter worth approximately $174,006,000. Finally, Man Group plc raised its holdings in shares of L3Harris Technologies by 5,286.7% during the second quarter. Man Group plc now owns 563,720 shares of the company’s stock valued at $163,811,000 after acquiring an additional 553,255 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

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.