L3Harris Technologies Inc (NYSE:LHX) Stock Has Average Target Price of $355.92 According to Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $350.08.

LHX has been the topic of a number of research analyst reports. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Wednesday, August 26th. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Melius Research lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Finally, Argus downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 25th.

L3Harris Technologies Stock Up 0.1%

Shares of LHX opened at $237.08 on Wednesday. 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 company has a 50-day moving average price of $258.76 and a two-hundred day moving average price of $294.44. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.51 and a beta of 0.50. L3Harris Technologies has a 12 month low of $232.34 and a 12 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, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business earned $2.78 earnings per share. The business’s 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. Equities analysts predict that L3Harris Technologies will post 11.91 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed 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 yield of 2.1%. The ex-dividend date was Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

Institutional Trading of L3Harris Technologies

A number of hedge funds have recently modified their holdings of LHX. NBH Bank bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC increased its holdings in shares of L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares in the last quarter. Abound Financial LLC bought a new position in shares of L3Harris Technologies during the 4th quarter valued at about $29,000. Tower View Wealth Management LLC acquired a new position in shares of L3Harris Technologies in the 1st quarter valued at approximately $29,000. Finally, Elevation Wealth Partners LLC increased its stake in L3Harris Technologies by 80.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock worth $29,000 after purchasing an additional 44 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

About L3Harris Technologies

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.