L3Harris Technologies Inc (NYSE:LHX) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of L3Harris Technologies Inc (NYSE:LHX) have earned a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $350.86.

Several analysts have issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 23rd. Guggenheim assumed coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They set a “buy” rating and a $365.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. UBS Group decreased their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Argus lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 25th.

L3Harris Technologies Stock Down 1.6%

LHX opened at $234.38 on Wednesday. L3Harris Technologies has a 1-year low of $232.34 and a 1-year high of $379.23. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $43.64 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.52 and a beta of 0.50. The business has a 50 day moving average of $256.96 and a 200-day moving average of $292.45.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts anticipate that L3Harris Technologies will post 11.91 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $1.25 dividend. The ex-dividend date was Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Key L3Harris Technologies News

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

• Positive Sentiment: L3Harris received a $250 million follow-on contract from Lockheed Martin to produce Guided Multiple Launch Rocket System (GMLRS) propulsion units. The award represents the highest production quantity in the program’s history, supporting backlog visibility and indicating strong demand for L3Harris’ missile-propulsion capabilities. L3Harris Awarded Solid Rocket Motor Contract with Record Production
• Positive Sentiment: The company delivered its first VAMPIRE counter-drone systems to the U.S. Army. Initial deliveries validate L3Harris’ role in the rapidly expanding counter-unmanned-aircraft market and could lead to additional deployments and follow-on orders. L3Harris Delivers First VAMPIRE Units to US Army for Drone Defense
• Positive Sentiment: L3Harris and advanced manufacturer Divergent signed a teaming agreement to expand production of affordable “Wolf” mass munitions. The partnership is intended to use advanced manufacturing to increase production capacity and improve scalability, potentially positioning L3Harris for future procurement growth. L3Harris and Divergent Sign Teaming Agreement
• Positive Sentiment: The U.S. Army and L3Harris successfully demonstrated the first Red Wolf flight from an MH-60 helicopter, an important milestone for the company’s unmanned and air-launched systems. L3Harris and US Army Demonstrate First Red Wolf Flight
• Positive Sentiment: Goldman Sachs maintained a Buy rating on L3Harris Technologies (LHX), offering continued sell-side support as the company adds contract wins and production milestones. Goldman Sachs Remains a Buy on L3Harris Technologies

Institutional Trading of L3Harris Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Meeder Advisory Services Inc. bought a new position in shares of L3Harris Technologies in the 2nd quarter worth about $1,397,000. Swiss National Bank lifted its position 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 acquiring an additional 36,320 shares during the period. Bank of America Corp DE lifted its position in L3Harris Technologies by 22.3% during the 1st quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock valued at $661,905,000 after acquiring an additional 350,313 shares during the period. Concurrent Investment Advisors LLC boosted its stake in L3Harris Technologies by 29.4% during the second quarter. Concurrent Investment Advisors LLC now owns 53,138 shares of the company’s stock worth $15,441,000 after acquiring an additional 12,059 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in L3Harris Technologies by 25.7% during the first quarter. NewEdge Advisors LLC now owns 38,662 shares of the company’s stock worth $13,344,000 after acquiring an additional 7,896 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

About L3Harris Technologies

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.