L3Harris Technologies Inc (NYSE:LHX) Sees Large Decline in Short Interest

L3Harris Technologies Inc (NYSE:LHX) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 2,549,406 shares, a decrease of 15.9% from the March 31st total of 3,030,865 shares. Based on an average daily trading volume, of 1,091,592 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the shares of the stock are short sold.

Key Stories Impacting L3Harris Technologies

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

• Positive Sentiment: Q1 results beat consensus — GAAP EPS $2.72 vs. ~$2.53 expected and revenue $5.7B (up ~12% y/y); operating margin expanded and management raised its 2026 EPS view after the quarter. This underpins the company’s profitability and supports earnings momentum. Zacks: L3Harris Q1 Beats
• Positive Sentiment: Strong demand and backlog — orders of $7.8B, book-to-bill ~1.4x and backlog rose to a record $40.7B; missile solutions revenue grew ~18% driven by Pentagon demand. These order trends support near-term revenue visibility. Business Wire: Q1 Results & Orders
• Neutral Sentiment: Missile unit IPO process initiated — L3Harris confidentially filed a draft S-1 for an IPO of its Missile Solutions business. This could unlock value long term but timing, size and terms remain uncertain. Reuters: Confidential S-1 Filed
• Negative Sentiment: FY26 guidance slightly under Street expectations — management gave EPS guidance of $11.40–$11.60 (consensus ~$11.64) and revenue guidance roughly in line but slightly wide. The small shortfall versus consensus appears to have triggered profit-taking despite the beat. MarketBeat: Guidance & Stats
• Negative Sentiment: Immediate market reaction mixed — some headlines note the stock fell after earnings, indicating investors focused on guidance/details and may be trimming positions after the run-up. Short-term volatility could persist. Barron’s: Stock Falls After Earnings

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at approximately $2,872,201.92. This represents a 41.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Melanie Rakita sold 2,378 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the sale, the vice president directly owned 4,882 shares of the company’s stock, valued at $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 19,025 shares of company stock valued at $6,824,370. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LHX. Brighton Jones LLC increased its holdings in L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after purchasing an additional 3,001 shares during the period. Jump Financial LLC increased its holdings in L3Harris Technologies by 14.9% during the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after purchasing an additional 388 shares during the period. NewEdge Advisors LLC increased its holdings in L3Harris Technologies by 14.2% during the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC purchased a new position in L3Harris Technologies during the 2nd quarter worth $856,000. Finally, CIBC Asset Management Inc increased its holdings in L3Harris Technologies by 116.2% during the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after purchasing an additional 33,321 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LHX. Vertical Research reaffirmed a “buy” rating and issued a $355.00 price objective on shares of L3Harris Technologies in a research note on Tuesday, January 13th. Truist Financial set a $364.00 price objective on L3Harris Technologies in a research note on Wednesday, January 14th. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their price objective on L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $349.55.

L3Harris Technologies Trading Down 1.9%

Shares of NYSE LHX traded down $6.17 during midday trading on Friday, hitting $314.38. The company’s stock had a trading volume of 283,981 shares, compared to its average volume of 1,503,100. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $352.19 and its two-hundred day moving average is $323.34. L3Harris Technologies has a 12-month low of $214.10 and a 12-month high of $379.23. The firm has a market cap of $58.72 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 1.62 and a beta of 0.62.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities research analysts expect that L3Harris Technologies will post 11.53 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 58.62%.

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.