L3Harris Technologies (NYSE:LHX) Hits New 1-Year High – What’s Next?

L3Harris Technologies Inc (NYSE:LHX)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $315.06 and last traded at $309.7850, with a volume of 220310 shares traded. The stock had previously closed at $304.48.

Trending Headlines about L3Harris Technologies

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

• Positive Sentiment: L3Harris agreed to sell roughly a 60% stake in its Space Propulsion & Power (Rocketdyne) business to AE Industrial Partners for a total enterprise value of $845 million, which provides near-term cash proceeds, reduces capital intensity and lets L3Harris retain a minority position in the asset. L3Harris sells 60% stake in space propulsion business for $845 million
• Positive Sentiment: The buyer, AE Industrial, framed the acquisition as a strategic fit for aerospace and national-security technologies; a partner with operational focus may accelerate the business’s commercial and government opportunities while L3Harris concentrates on higher-priority segments. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business
• Positive Sentiment: L3Harris also announced a restructure from four operating segments to three (Space & Mission Systems; Communications & Spectrum Dominance; Missile Solutions) to better align with defense demand drivers — a move investors typically view as improving focus and allocation of capital. L3Harris Announces Reorganization of Its Businesses
• Neutral Sentiment: The transaction is structured to close in H2 2026 and is subject to regulatory approvals and customary closing conditions, so the timing and final proceeds are not guaranteed; the deal size (~$845M) is small relative to LHX’s ~$58B market cap, limiting near-term materiality. L3Harris to Sell Majority Stake in Space Propulsion & Power Business to AE Industrial Partners
• Neutral Sentiment: Reports note the RS-25 engine business is excluded from the sale and L3Harris will retain a minority stake in the sold unit, which preserves some upside exposure but complicates the long-term revenue profile. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business – “Rocketdyne”
• Negative Sentiment: Potential negatives: selling a controlling interest gives up majority upside in a space-growth area, and investors should watch for any one-time accounting items, impact on future revenue and margin mix, and regulatory/competition review risks ahead of closing. L3Harris confirms deal to sell 60% stake in space propulsion business for $845M

Analysts Set New Price Targets

Several research firms recently commented on LHX. Weiss Ratings raised L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Citigroup began coverage on L3Harris Technologies in a research note on Thursday, December 11th. They issued a “buy” rating and a $331.00 price objective for the company. Morgan Stanley upped their target price on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Finally, Susquehanna reiterated a “positive” rating on shares of L3Harris Technologies in a report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $299.93.

L3Harris Technologies Stock Up 2.0%

The stock has a market cap of $58.11 billion, a PE ratio of 33.30, a P/E/G ratio of 1.91 and a beta of 0.66. The business has a 50 day moving average of $287.32 and a 200-day moving average of $279.52. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.10. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, November 17th. L3Harris Technologies’s dividend payout ratio is presently 51.56%.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On L3Harris Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of L3Harris Technologies by 52.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,117,030 shares of the company’s stock valued at $1,032,716,000 after buying an additional 1,413,833 shares during the period. AGF Management Ltd. acquired a new stake in L3Harris Technologies in the second quarter valued at $324,940,000. Victory Capital Management Inc. boosted its position in shares of L3Harris Technologies by 1,053.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock worth $360,964,000 after purchasing an additional 1,079,474 shares in the last quarter. Boston Partners boosted its position in shares of L3Harris Technologies by 72.1% during the 2nd quarter. Boston Partners now owns 2,002,211 shares of the company’s stock worth $504,160,000 after purchasing an additional 838,546 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of L3Harris Technologies by 8,284.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 775,322 shares of the company’s stock worth $194,482,000 after purchasing an additional 766,075 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

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.