L3Harris Technologies Inc (LHX)

In the past six months, L3Harris Technologies' stock has experienced some notable movements. The stock touched a 52-week low of $194.71, reflecting a 14.3% decline over the preceding six months. L3Harris reported quarterly revenue of $5.5 billion and adjusted earnings per share of $3.47, surpassing consensus estimates. Citi analysts lowered the company's price target to $285 but maintained a "Buy" rating, while Bernstein analysts reaffirmed an "Outperform" rating with a steady price target of $267. L3Harris announced the successful first flight of its Viper Shield electronic warfare suite on an F-16 fighter jet. As of June 27, 2025, LHX was trading at $246.98, up 1.07% over the past 30 days and 10.66% over the past 12 months.

The provided information does not explicitly detail the demand seasonality for L3Harris Technologies' products and services. However, seasonal trends in the stock price remain of interest, with April having the highest probability of a positive return and September the lowest. The nature of L3Harris's business, heavily reliant on government and defense contracts, typically implies demand driven by geopolitical factors, defense budgets, and long-term procurement cycles rather than traditional consumer-driven seasonality.

L3Harris Technologies, Inc. is an American technology company and defense contractor providing end-to-end technology solutions for the defense industry, government agencies, and commercial sectors globally. The company operates within the Aerospace and Defense industry. Its major products and services are categorized into four main business segments: Space & Airborne Systems (SAS) offers satellite space payloads, sensors, and full-mission solutions. Integrated Mission Systems (IMS) provides intelligence, surveillance, and reconnaissance (ISR) systems. Communication Systems (CS) is known for its robust communication systems. Aerojet Rocketdyne (AR) offers propulsion technologies and armament systems.

L3Harris Technologies has a significant global presence, with business operations in the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company supports customers in over 100 countries, with approximately 20% of its revenue generated from outside the United States. L3Harris International was established in 2019 to focus on global, regional, and country-specific strategies, strengthening customer and partner relationships, and seeking new business and industrial partnerships worldwide.

L3Harris Technologies is recognized as a leading provider of advanced technology solutions for defense, government, and commercial sectors. Its strong presence in communication systems, experience with the U.S. Department of Defense, and innovation in advanced technologies contribute to its reputation. Strategic mergers and acquisitions enhance its growth potential. However, reliance on government contracts and intense competition could be potential vulnerabilities.

L3Harris Technologies, Inc. is largely controlled by institutional shareholders, who collectively own approximately 88% of the company's shares. Retail investors hold about 10.51%, and L3Harris insiders own 1.30%. Major institutional owners include Vanguard Group Inc., BlackRock Fund Advisors, and State Street Global Advisors. The top 12 shareholders combined hold 51% of the company, suggesting no single shareholder has significant control.