L3Harris Technologies Inc (NYSE:LHX) Stock Has Average Price Target of $343.50

Shares of L3Harris Technologies Inc (NYSE:LHX) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $343.50.

A number of brokerages have issued reports on LHX. UBS Group reiterated a “neutral” rating and set a $293.00 price target on shares of L3Harris Technologies in a research note on Friday. TD Cowen dropped their price objective on shares of L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada upped their target price on shares of L3Harris Technologies from $265.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Guggenheim started coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They issued a “buy” rating and a $365.00 price target for the company.

L3Harris Technologies News Roundup

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

• Positive Sentiment: L3Harris reported third-quarter EPS of $3.28, above the $2.95 analyst consensus, while revenue rose 7.1% year over year to approximately $6.07 billion, exceeding expectations of $5.92 billion. L3Harris Technologies earnings results
• Positive Sentiment: The defense contractor raised its 2026 outlook, including full-year EPS guidance to $12.25–$12.35 from $11.80–$12.00, supported by broad-based growth and stronger cash flow. L3Harris raises yearly guidance
• Positive Sentiment: Record backlog of $53.2 billion highlights strong defense demand and improves revenue visibility. Reports also cited a rare government equity stake as an additional supportive development. LHX Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada raised its LHX price target to $295 from $265 but retained a “sector perform” rating, indicating improved valuation potential without a strong bullish recommendation. RBC raises L3Harris price target
• Negative Sentiment: Management’s lower 2028 cash-flow and margin targets raise questions about execution and may limit enthusiasm despite the stronger 2026 forecast. Valuation concerns also remain after a substantial recent run-up.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LHX. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth about $5,525,806,000. Bank of New York Mellon Corp acquired a new position in L3Harris Technologies during the 2nd quarter worth $752,983,000. Deutsche Bank AG bought a new stake in L3Harris Technologies during the 2nd quarter valued at approximately $174,006,000. Man Group plc grew its stake in shares of L3Harris Technologies by 5,286.7% in the second quarter. Man Group plc now owns 563,720 shares of the company’s stock worth $163,811,000 after acquiring an additional 553,255 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in L3Harris Technologies during the second quarter worth $144,100,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $277.79 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $51.73 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.68 and a beta of 0.50. The firm’s 50 day moving average price is $249.80 and its 200-day moving average price is $305.06. L3Harris Technologies has a one year low of $232.34 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.33. L3Harris Technologies had a return on equity of 11.49% and a net margin of 8.76%. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the previous year, the company earned $2.70 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts predict that L3Harris Technologies will post 12.32 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 46.64%.

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.