Weekly Investment Analysts’ Ratings Changes for L3Harris Technologies (LHX)

L3Harris Technologies (NYSE: LHX) recently received a number of ratings updates from brokerages and research firms:

• 2/4/2025 – L3Harris Technologies had its price target lowered by analysts at Morgan Stanley from $260.00 to $250.00. They now have an “equal weight” rating on the stock.
• 2/4/2025 – L3Harris Technologies had its price target lowered by analysts at Bank of America Co. from $300.00 to $265.00. They now have a “buy” rating on the stock.
• 1/31/2025 – L3Harris Technologies had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $240.00 price target on the stock.
• 1/31/2025 – L3Harris Technologies had its price target lowered by analysts at JPMorgan Chase & Co. from $265.00 to $255.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – L3Harris Technologies had its price target raised by analysts at UBS Group AG from $228.00 to $237.00. They now have a “neutral” rating on the stock.
• 1/31/2025 – L3Harris Technologies had its price target lowered by analysts at Truist Financial Co. from $283.00 to $274.00. They now have a “buy” rating on the stock.
• 1/16/2025 – L3Harris Technologies had its price target lowered by analysts at JPMorgan Chase & Co. from $270.00 to $265.00. They now have an “overweight” rating on the stock.
• 1/14/2025 – L3Harris Technologies had its price target lowered by analysts at Truist Financial Co. from $300.00 to $283.00. They now have a “buy” rating on the stock.
• 1/8/2025 – L3Harris Technologies had its price target lowered by analysts at Susquehanna from $300.00 to $258.00. They now have a “positive” rating on the stock.
• 1/8/2025 – L3Harris Technologies was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $267.00 price target on the stock, down previously from $289.00.
• 1/6/2025 – L3Harris Technologies had its price target lowered by analysts at Barclays PLC from $290.00 to $255.00. They now have an “overweight” rating on the stock.
• 1/2/2025 – L3Harris Technologies was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 1/2/2025 – L3Harris Technologies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $250.00 to $229.00. They now have a “hold” rating on the stock.
• 12/11/2024 – L3Harris Technologies had its price target lowered by analysts at Wells Fargo & Company from $295.00 to $287.00. They now have an “overweight” rating on the stock.

L3Harris Technologies Stock Down 1.2 %

Shares of LHX stock traded down $2.55 during mid-day trading on Thursday, hitting $206.42. The company’s stock had a trading volume of 2,076,675 shares, compared to its average volume of 1,228,731. The stock has a market cap of $39.15 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The business has a 50-day moving average price of $218.54 and a 200 day moving average price of $231.67.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Research analysts predict that L3Harris Technologies, Inc. will post 13.8 EPS for the current fiscal year.

Insider Activity

In related news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now owns 5,049 shares in the company, valued at approximately $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 4,901 shares of company stock valued at $1,059,757 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of L3Harris Technologies during the 4th quarter valued at about $27,000. Roxbury Financial LLC purchased a new stake in L3Harris Technologies during the fourth quarter valued at approximately $30,000. Archer Investment Corp lifted its stake in shares of L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of L3Harris Technologies in the 4th quarter worth approximately $33,000. Finally, Kennebec Savings Bank bought a new position in shares of L3Harris Technologies during the 3rd quarter valued at approximately $36,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.