L3Harris (LHX) falls 4.3% as investors reposition ahead of earnings amid broader defense-stock weakness

L3Harris Technologies (LHX) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to pre-earnings positioning ahead of L3Harris’ upcoming quarterly report, alongside a weaker tone across large defense contractors in recent sessions. With no single, confirmed company-specific headline driving the drop, the selling could be a mix of profit-taking and risk reduction into results.

Details:

L3Harris has scheduled its first-quarter 2026 results for release before the market opens on April 30, 2026, followed by a management call later that morning.

Investors have been increasingly focused on defense primes’ near-term margin and program-execution commentary, which can lead to sharper moves into and around earnings even without new contract headlines.

Several major defense names have seen heightened volatility recently, which can pressure peers through sector rotation and de-risking flows.

This could also reflect short-term technical selling after earlier strength, with traders reducing exposure into a known catalyst date.

Sources:

L3Harris (Investor Relations), Zacks Investment Research, Trefis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LHX Insider Trading Activity

$LHX insiders have traded $LHX stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $LHX stock by insiders over the last 6 months:

CHRISTOPHER E KUBASIK (Chair and CEO) sold 14,171 shares for an estimated $4,266,179
SAMIR MEHTA (Pres., Space & Mission Sys.) has made 0 purchases and 2 sales selling 10,368 shares for an estimated $3,687,162.
JON RAMBEAU (Pres., Coms. & Spec. Dom.) sold 5,528 shares for an estimated $2,047,128
MELANIE RAKITA (Vice President & CHRO) has made 0 purchases and 2 sales selling 3,129 shares for an estimated $1,090,078.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$LHX Hedge Fund Activity

We have seen 708 institutional investors add shares of $LHX stock to their portfolio, and 665 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,569,141 shares (-69.3%) from their portfolio in Q4 2025, for an estimated $460,652,723
PRICE T ROWE ASSOCIATES INC /MD/ removed 1,478,900 shares (-24.8%) from their portfolio in Q4 2025, for an estimated $434,160,673
ARTISAN PARTNERS LIMITED PARTNERSHIP added 1,207,334 shares (+174.2%) to their portfolio in Q4 2025, for an estimated $354,437,042
AMERIPRISE FINANCIAL INC added 1,086,881 shares (+145.9%) to their portfolio in Q4 2025, for an estimated $319,075,655
WELLINGTON MANAGEMENT GROUP LLP removed 1,024,146 shares (-21.7%) from their portfolio in Q4 2025, for an estimated $300,658,541
BLACKROCK, INC. added 794,098 shares (+4.8%) to their portfolio in Q4 2025, for an estimated $233,123,349
FMR LLC removed 622,417 shares (-26.9%) from their portfolio in Q4 2025, for an estimated $182,722,958

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$LHX Government Contracts

We have seen $4,704,618,490 of award payments to $LHX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE PURPOSE OF THIS DELIVERY ORDER AWARD IS TO ADD FUNDING FOR FTI TELECOMMUNICATIONS SERVICES.: $909,258,965
IGF::OT::IGF RS-25 PRODUCTION RESTART TO BE UNDERTAKEN BY THE CONTRACTOR IN SUPPORT OF PROVIDING SIX RS-25...: $293,779,964
DELIVERY ORDER 07 DELIVERY OF 12 OA-1K AIRCRAFTREQUIREMENTS IN ACCORDANCE WITH ATTACHMENT 01 - ARMED OVERWA...: $246,482,708
DAFIS UDO RECONSTRUCT W/O ADVANCE: $112,312,833
FLIGHT TEST INSTRUMENTATION SUPPORT AND SERVICES: $95,955,762

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$LHX Congressional Stock Trading

Members of Congress have traded $LHX stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $LHX stock by members of Congress over the last 6 months:

REPRESENTATIVE RICHARD MCCORMICK has traded it 3 times. They made 1 purchase worth up to $15,000 on 11/05 and 2 sales worth up to $30,000 on 03/19.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$LHX Analyst Ratings

Wall Street analysts have issued reports on $LHX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/13/2026

To track analyst ratings and price targets for $LHX, check out Quiver Quantitative's $LHX forecast page.

$LHX Price Targets

Multiple analysts have issued price targets for $LHX recently. We have seen 5 analysts offer price targets for $LHX in the last 6 months, with a median target of $390.0.

Here are some recent targets:

Seth Seifman from JP Morgan set a target price of $395.0 on 02/05/2026
John Godyn from Citigroup set a target price of $418.0 on 02/05/2026
Kristine Liwag from Morgan Stanley set a target price of $390.0 on 02/02/2026
Ken Herbert from RBC Capital set a target price of $365.0 on 01/30/2026
Myles Walton from UBS set a target price of $349.0 on 01/15/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.