L3Harris Technologies (NYSE:LHX) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of L3Harris Technologies (NYSE:LHX) from a strong-buy rating to a buy rating in a research report report published on Sunday.

Other analysts have also recently issued reports about the company. UBS Group upped their price objective on L3Harris Technologies from $318.00 to $323.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of L3Harris Technologies in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a report on Friday, October 31st. Finally, Truist Financial lifted their target price on L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $309.67.

L3Harris Technologies Price Performance

NYSE LHX opened at $341.20 on Friday. The stock has a market cap of $63.82 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.13 and a beta of 0.66. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $292.34 and its two-hundred day moving average is $283.32. L3Harris Technologies has a 12 month low of $193.09 and a 12 month high of $361.59.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, topping 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 company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the firm earned $3.34 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. As a group, research analysts anticipate that L3Harris Technologies will post 11.12 earnings per share for the current year.

Insider Buying and Selling at L3Harris Technologies

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 value of $4,266,179.55. Following the completion of the sale, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On L3Harris Technologies

Several large investors have recently modified their holdings of LHX. Brighton Jones LLC lifted its holdings in L3Harris Technologies by 233.9% during the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after buying an additional 3,001 shares during the period. Geneos Wealth Management Inc. boosted its position in L3Harris Technologies by 62.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,106 shares of the company’s stock valued at $232,000 after purchasing an additional 427 shares in the last quarter. Modern Wealth Management LLC bought a new stake in L3Harris Technologies during the first quarter valued at about $204,000. AG2R LA Mondiale Gestion D Actifs purchased a new position in L3Harris Technologies in the first quarter valued at about $1,593,000. Finally, Harbor Investment Advisory LLC raised its holdings in L3Harris Technologies by 52.3% in the second quarter. Harbor Investment Advisory LLC now owns 454 shares of the company’s stock worth $114,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies News Roundup

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

• Positive Sentiment: Pentagon commits ~$1 billion to expand production of solid rocket motors for missiles, guaranteeing funding that de-risks capital expenditure and supply-chain capacity constraints for the Missile Solutions unit. This is the primary driver of today’s upside. Pentagon to invest $1 billion in L3Harris rocket motor business
• Positive Sentiment: L3Harris will create a new Missile Solutions company and the DoD investment would be a convertible preferred security that converts into equity at an IPO — a structural partnership that can accelerate backlog fulfilment and create a clearer pure‑play valuation for both the parent and the spin‑off. L3Harris Accelerates ‘Arsenal of Freedom’ with Creation of a New Missile Solutions Company
• Positive Sentiment: Management signals urgency and execution focus on the spin‑off and capacity ramp — company leaders and DoD officials emphasize speed to relieve an industry-wide SRM bottleneck, which supports near- and mid-term revenue visibility for the new business. Duffey: “We’re Picking Speed” In $1 Billion Investment In L3Harris SRM Spin-Off
• Neutral Sentiment: Legal and transaction advisors are in place (Vinson & Elkins advising), indicating the deal is being structured formally but still subject to regulatory, governance and execution steps. Watch conversion mechanics and terms for dilution implications. Vinson & Elkins Advises L3Harris on Partnership with Department of War
• Neutral Sentiment: Market reaction: analysts and outlets note LHX is at fresh highs on the news — this reflects sentiment shift but increases sensitivity to execution milestones (spin‑off timetable, production ramp, conversion terms). A Deal With the Pentagon and Planned Spin-Off Has This Defense Stock at Record Highs
• Negative Sentiment: Political/insider‑optics risk: reports flag recent stock purchases by some members of Congress, which could invite scrutiny or headlines about conflicts of interest—an event risk for the shares despite the strategic upside. L3Harris Technologies Stock Spikes On US Military Investment: These Congress Members Could Profit

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.