L3Harris Technologies Inc (NYSE:LHX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of L3Harris Technologies Inc (NYSE:LHX) have received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $360.8333.

LHX has been the topic of several research analyst reports. BNP Paribas Exane lowered their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. UBS Group cut their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Weiss Ratings cut L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Guggenheim initiated coverage on L3Harris Technologies in a report on Monday. They issued a “buy” rating and a $365.00 target price on the stock. Finally, Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th.

More L3Harris Technologies News

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

• Positive Sentiment: Defense contracts and production support revenue visibility. L3Harris has begun production of Tranche 3 missile-defense satellites, with deliveries expected to be completed by early 2029. The multiyear program could provide backlog support and strengthen the company’s space and missile-defense position. L3Harris Starts Production On Tranche 3 Satellites
• Positive Sentiment: L3Harris also won a $60 million U.S. Air Force C-HOBS contract. While modest relative to the company’s scale, the award demonstrates continued demand for its defense technology and could lead to additional opportunities. Inside L3Harris Technologies’ C-HOBS Contract
• Positive Sentiment: Guggenheim upgraded L3Harris to “strong buy,” while analyst coverage cited an average price target of approximately $360.45. Commentary also suggested the shares may be undervalued following the company’s $4.7 billion PAC-3 MSE contract win. These views could support sentiment, although price targets are not guarantees. L3Harris Undervalued Following PAC-3 MSE Contract
• Neutral Sentiment: L3Harris is expanding its international operations and regional customer presence, potentially creating longer-term growth opportunities. However, the article provides limited new financial guidance or near-term earnings estimates. Can L3Harris’ Expanding Global Reach Support Future Growth?
• Negative Sentiment: Two law firms announced investigations into potential securities-law violations and allegedly misleading business information. The announcements may weigh on investor confidence and create potential legal or financial risks, although they contain allegations rather than findings of wrongdoing. LHX Investigation Alert

Hedge Funds Weigh In On L3Harris Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Allstate Corp lifted its holdings in L3Harris Technologies by 106.7% in the 4th quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after purchasing an additional 7,219 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in L3Harris Technologies during the 2nd quarter valued at approximately $1,397,000. Swiss National Bank grew its holdings in L3Harris Technologies by 7.1% during the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock valued at $189,497,000 after buying an additional 36,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of L3Harris Technologies by 23.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock valued at $64,920,000 after buying an additional 41,414 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of L3Harris Technologies by 6.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company’s stock valued at $531,416,000 after buying an additional 110,423 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $247.00 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $273.98 and a 200-day moving average price of $307.76. L3Harris Technologies has a 52 week low of $244.76 and a 52 week high of $379.23. The firm has a market capitalization of $45.99 billion, a PE ratio of 24.95, a P/E/G ratio of 1.60 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts expect that L3Harris Technologies will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.