L3Harris Technologies Inc (NYSE:LHX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

L3Harris Technologies Inc (NYSE:LHX) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $354.75.

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Morgan Stanley boosted their price objective on shares of L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada boosted their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th.

L3Harris Technologies Price Performance

LHX opened at $300.08 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. L3Harris Technologies has a 52-week low of $214.10 and a 52-week high of $379.23. The company has a 50 day moving average of $349.03 and a two-hundred day moving average of $324.06. The company has a market cap of $55.90 billion, a P/E ratio of 32.58, a P/E/G ratio of 1.51 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned $2.41 earnings per share. L3Harris Technologies’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, analysts expect that L3Harris Technologies will post 11.56 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

Insider Transactions at L3Harris Technologies

In other news, insider Samir Mehta sold 5,528 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president directly owned 4,882 shares in the company, valued at approximately $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,365 shares of company stock valued at $5,861,117. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of L3Harris Technologies by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 100,684 shares of the company’s stock worth $34,751,000 after purchasing an additional 4,791 shares in the last quarter. Wilkerson Advisory Group LLC lifted its position in shares of L3Harris Technologies by 87.5% during the first quarter. Wilkerson Advisory Group LLC now owns 1,911 shares of the company’s stock worth $660,000 after purchasing an additional 892 shares in the last quarter. Summit Global Investments raised its holdings in L3Harris Technologies by 3.5% in the first quarter. Summit Global Investments now owns 1,519 shares of the company’s stock valued at $524,000 after acquiring an additional 51 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in L3Harris Technologies in the first quarter valued at $225,000. Finally, AlTi Global Inc. raised its holdings in L3Harris Technologies by 4.3% in the first quarter. AlTi Global Inc. now owns 923 shares of the company’s stock valued at $319,000 after acquiring an additional 38 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Company Profile

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.