L3Harris Technologies Inc (NYSE:LHX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $354.75.

Several equities analysts recently weighed in on LHX shares. Weiss Ratings upgraded shares of L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Sanford C. Bernstein cut their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. UBS Group cut their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th.

Insiders Place Their Bets

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president directly owned 4,192 shares in the company, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On L3Harris Technologies

Several hedge funds have recently bought and sold shares of LHX. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of L3Harris Technologies during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter worth $25,000. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies during the third quarter worth $28,000. Finally, American National Bank & Trust raised its holdings in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after acquiring an additional 30 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Trading Down 2.0%

Shares of NYSE LHX opened at $301.82 on Thursday. The company’s 50 day simple moving average is $325.94 and its 200 day simple moving average is $326.73. L3Harris Technologies has a fifty-two week low of $237.56 and a fifty-two week high of $379.23. The firm has a market capitalization of $56.23 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business posted $2.41 earnings per share. L3Harris Technologies’s revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, analysts predict that L3Harris Technologies will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

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.