L3Harris Technologies (NYSE:LHX) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of L3Harris Technologies (NYSE:LHX) from a hold rating to a buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the company. TD Cowen cut their price target on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Susquehanna reduced their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Argus lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. 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 report on Friday. Finally, BNP Paribas Exane cut their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $343.50.

L3Harris Technologies Trading Up 0.1%

Shares of LHX opened at $277.79 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.20. L3Harris Technologies has a 52-week low of $232.34 and a 52-week high of $379.23. The business’s fifty day moving average is $249.80 and its 200-day moving average is $305.06. The firm has a market cap of $51.73 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.67 and a beta of 0.47.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, October 29th. The company reported $3.28 EPS for the quarter, topping the consensus estimate of $2.95 by $0.33. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.92 billion. L3Harris Technologies had a return on equity of 11.49% and a net margin of 8.76%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. Equities analysts anticipate that L3Harris Technologies will post 12.32 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s payout ratio is presently 46.64%.

Hedge Funds Weigh In On L3Harris Technologies

Several large investors have recently made changes to their positions in LHX. Hunter Associates Investment Management LLC lifted its position in L3Harris Technologies by 1.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock worth $763,000 after acquiring an additional 34 shares during the period. Miller Global Investments LLC grew its position in shares of L3Harris Technologies by 34.0% in the second quarter. Miller Global Investments LLC now owns 138 shares of the company’s stock valued at $40,000 after purchasing an additional 35 shares during the period. AlTi Global Inc. grew its stake in L3Harris Technologies by 4.3% during the 1st quarter. AlTi Global Inc. now owns 923 shares of the company’s stock valued at $319,000 after purchasing an additional 38 shares in the last quarter. Twin Lakes Capital Management LLC increased its position in L3Harris Technologies by 0.3% in the 2nd quarter. Twin Lakes Capital Management LLC now owns 14,195 shares of the company’s stock valued at $4,125,000 after acquiring an additional 38 shares during the period. Finally, Center for Financial Planning Inc. grew its position in L3Harris Technologies by 18.8% during the third quarter. Center for Financial Planning Inc. now owns 246 shares of the company’s stock valued at $58,000 after purchasing an additional 39 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

L3Harris Technologies Company Profile

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.