L3Harris Technologies (NYSE:LHX) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of L3Harris Technologies (NYSE:LHX) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

LHX has been the topic of a number of other 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. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Finally, Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.92.

L3Harris Technologies Stock Performance

LHX opened at $237.99 on Friday. 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 business’s 50 day moving average is $268.50 and its 200-day moving average is $301.93. The stock has a market cap of $44.32 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. L3Harris Technologies has a twelve month low of $234.59 and a twelve month high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts predict that L3Harris Technologies will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s payout ratio is presently 50.51%.

Institutional Trading of L3Harris Technologies

Large investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC boosted its holdings in L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after acquiring an additional 29 shares during the last quarter. Keudell Morrison Wealth Management lifted its position in L3Harris Technologies by 0.7% during the 1st quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock valued at $1,598,000 after purchasing an additional 31 shares during the period. Prestige Wealth Management Group LLC lifted its position in L3Harris Technologies by 25.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares during the period. Beacon Investment Advisors LLC boosted its stake in shares of L3Harris Technologies by 0.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock valued at $2,306,000 after purchasing an additional 34 shares during the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in shares of L3Harris Technologies by 1.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock worth $763,000 after buying an additional 34 shares during the period. 84.76% of the stock is currently owned by institutional investors.

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.