L3Harris Technologies (NYSE:LHX) Stock Price Down 10.8% – What’s Next?

L3Harris Technologies Inc (NYSE:LHX)’s share price fell 10.8% on Thursday . The stock traded as low as $269.41 and last traded at $265.3520. 299,313 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,437,087 shares. The stock had previously closed at $297.53.

L3Harris Technologies News Summary

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

• Positive Sentiment: Second-quarter adjusted EPS was $3.13, exceeding the $2.80 consensus estimate and rising from $2.78 a year earlier. Revenue reached approximately $5.88 billion, above the $5.81 billion estimate and up 8.4% year over year. L3Harris Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Demand indicators were particularly strong: orders totaled $7.3 billion, book-to-bill was 1.2 times, and backlog rose to a record $42 billion. The results point to sustained demand for defense and weapons-related systems. L3Harris Reports Second-Quarter Results
• Positive Sentiment: Profitability and cash generation improved. Operating margin was 11.1%, segment operating margin was 16.0%, operating cash flow was $879 million, and free cash flow was $771 million, with both cash-flow measures up 37% year over year. L3Harris Tops Estimates and Raises Outlook
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $11.80–$12.00, up 40 cents from its prior outlook and above the $11.67 consensus. Revenue guidance is now $23.2–$23.7 billion, broadly consistent with the $23.5 billion consensus. L3Harris Raises Guidance
• Neutral Sentiment: Analysts maintain a generally constructive view, with L3Harris receiving a consensus “Moderate Buy” rating, though the stock’s reaction indicates investors may have already priced in much of the favorable defense-demand outlook. L3Harris Receives Moderate Buy Consensus
• Negative Sentiment: L3Harris shares slipped despite the earnings and guidance beats. The decline suggests profit-taking or disappointment that the revenue outlook was not raised more aggressively, especially after strong order and backlog figures. L3Harris Shares Slip Despite Earnings Beat

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein decreased their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, UBS Group decreased their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.00.

L3Harris Technologies Trading Down 10.8%

The business has a 50 day simple moving average of $298.92 and a 200-day simple moving average of $328.39. The stock has a market capitalization of $49.44 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last released its 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. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts predict that L3Harris Technologies Inc will post 11.54 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given 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 1.9%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in L3Harris Technologies by 233.9% during the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after buying an additional 3,001 shares in the last quarter. Jump Financial LLC raised its position in L3Harris Technologies by 14.9% in the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after purchasing an additional 388 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock valued at $4,285,000 after purchasing an additional 2,130 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at approximately $856,000. Finally, CIBC Asset Management Inc grew its stake in shares of L3Harris Technologies by 116.2% in the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock valued at $15,549,000 after purchasing an additional 33,321 shares during the period. Institutional investors own 84.76% of the company’s stock.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.