Susquehanna Has Lowered Expectations for L3Harris Technologies (NYSE:LHX) Stock Price

L3Harris Technologies (NYSE:LHX) had its price objective decreased by analysts at Susquehanna from $410.00 to $350.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 28.54% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Sanford C. Bernstein cut their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. UBS Group dropped their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $368.20.

L3Harris Technologies Price Performance

LHX stock opened at $272.28 on Friday. 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 has a 1 year low of $262.68 and a 1 year high of $379.23. The firm has a 50-day moving average of $298.23 and a 200 day moving average of $327.94. The company has a market cap of $50.72 billion, a P/E ratio of 27.50, a PEG ratio of 1.51 and a beta of 0.51.

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 the consensus estimate of $2.80 by $0.33. The firm 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 11.00% and a net margin of 8.17%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts forecast that L3Harris Technologies will post 11.54 EPS for the current year.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of L3Harris Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allstate Corp increased its stake 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 buying an additional 7,219 shares in the last quarter. Whalen Wealth Management Inc. bought a new position in L3Harris Technologies in the 4th quarter worth approximately $907,000. Swiss National Bank raised its position in shares of L3Harris Technologies by 7.1% during the first 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $64,920,000 after acquiring an additional 41,414 shares during the last quarter. Finally, Atria Investments Inc grew its stake in L3Harris Technologies by 77.9% during the fourth quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock valued at $4,345,000 after acquiring an additional 6,482 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies News Roundup

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

• Positive Sentiment: L3Harris reported second-quarter EPS of $3.13, above the $2.80 consensus estimate, while revenue of approximately $5.88 billion also exceeded expectations and increased 8.4% year over year. L3Harris Q2 Earnings and Revenues Beat Estimates, 2026 Outlook Raised
• Positive Sentiment: Strong weapons demand, broad-based segment growth and record orders of $7.3 billion lifted the backlog to approximately $42 billion, with a 1.2x book-to-bill ratio. Operating cash flow and free cash flow rose 37% year over year. L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
• Positive Sentiment: Management raised 2026 guidance to EPS of $11.80-$12.00, above the prior outlook and consensus, alongside revenue guidance of $23.2-$23.7 billion. L3Harris Raises Guidance on Higher Profit, Revenue
• Neutral Sentiment: L3Harris paused the IPO of its missile-solutions business, saying the market undervalues the asset. The move could preserve value for shareholders, but it also removes a potential near-term catalyst and signals unfavorable market conditions. L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
• Negative Sentiment: BNP Paribas Exane lowered its price target from $330 to $310 and maintained a “neutral” rating. Although the new target implies potential upside, the cut reinforces concerns about valuation and near-term performance. L3Harris Technologies Given New $310 Price Target at BNP Paribas Exane
• Negative Sentiment: The stock reached a new 52-week low following an analyst downgrade, indicating that investors have not fully rewarded the earnings beat and raised outlook. L3Harris Technologies Reaches New 52-Week Low After Analyst Downgrade

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.