L3Harris Technologies Inc (NYSE:LHX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $360.4545.

Several equities research analysts have recently commented on the stock. BNP Paribas Exane reduced their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, August 26th. Susquehanna cut their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday.

Institutional Trading of L3Harris Technologies

Large investors have recently made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies during the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in L3Harris Technologies during the 4th quarter worth about $25,000. NBH Bank bought a new stake in L3Harris Technologies during the 2nd quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC increased its position in L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $245.42 on Friday. L3Harris Technologies has a twelve month low of $244.76 and a twelve month high of $379.23. 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 stock has a market cap of $45.70 billion, a P/E ratio of 24.79, a PEG ratio of 1.58 and a beta of 0.50. The company’s 50-day simple moving average is $278.43 and its 200 day simple moving average is $311.41.

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

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.0%. L3Harris Technologies’s payout ratio is presently 50.51%.

About L3Harris Technologies

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.