L3Harris Technologies Inc (NYSE:LHX) Receives $299.93 Consensus Target Price from Analysts

L3Harris Technologies Inc (NYSE:LHX) has been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $302.2857.

Several research analysts have weighed in on LHX shares. BNP Paribas Exane initiated coverage on L3Harris Technologies in a research report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 price target on the stock. Weiss Ratings raised shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Wall Street Zen downgraded shares of L3Harris Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. Susquehanna reiterated a “positive” rating on shares of L3Harris Technologies in a research note on Friday, October 31st. Finally, Citigroup initiated coverage on shares of L3Harris Technologies in a research report on Thursday, December 11th. They issued a “buy” rating and a $331.00 price objective for the company.

Insider Buying and Selling

In related news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies 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 completion of the transaction, the chief executive officer owned 144,426 shares in the company, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Trading of L3Harris Technologies

A number of hedge funds have recently made changes to their positions in LHX. Clark Financial Services Group Inc. BD grew its position in shares of L3Harris Technologies by 1.9% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,909 shares of the company’s stock valued at $594,000 after buying an additional 36 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its position in L3Harris Technologies by 2.7% in the second quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock valued at $350,000 after acquiring an additional 37 shares during the last quarter. Twin Lakes Capital Management LLC grew its holdings in shares of L3Harris Technologies by 0.3% during the third quarter. Twin Lakes Capital Management LLC now owns 14,340 shares of the company’s stock worth $4,380,000 after purchasing an additional 38 shares during the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of L3Harris Technologies by 0.8% during the third quarter. Lantern Wealth Advisors LLC now owns 4,699 shares of the company’s stock worth $1,435,000 after purchasing an additional 38 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in shares of L3Harris Technologies by 2.2% during the second quarter. Fidelis Capital Partners LLC now owns 1,781 shares of the company’s stock worth $493,000 after purchasing an additional 39 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 3.2%

Shares of NYSE:LHX opened at $336.07 on Monday. The company’s 50-day moving average price is $290.29 and its two-hundred day moving average price is $282.00. L3Harris Technologies has a one year low of $193.09 and a one year high of $338.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95. The stock has a market capitalization of $62.86 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66.

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

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.