Guggenheim Upgrades L3Harris Technologies (NYSE:LHX) to “Strong-Buy”

L3Harris Technologies (NYSE:LHX) was upgraded by Guggenheim to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. BNP Paribas Exane cut their target price on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Susquehanna decreased their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Weiss Ratings cut L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Finally, Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $360.83.

L3Harris Technologies Stock Up 0.5%

Shares of LHX opened at $250.99 on Monday. The firm has a market cap of $46.74 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50. L3Harris Technologies has a 12-month low of $244.76 and a 12-month high of $379.23. The company’s 50-day moving average price is $275.63 and its 200 day moving average price is $308.99. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $2.78 earnings per share. L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts forecast that L3Harris Technologies will post 11.88 earnings per share for the current year.

Institutional Trading of L3Harris Technologies

Several hedge funds have recently modified their holdings of the stock. Talon Private Wealth LLC boosted its holdings in L3Harris Technologies by 9.2% in the second quarter. Talon Private Wealth LLC now owns 9,700 shares of the company’s stock valued at $2,819,000 after purchasing an additional 821 shares during the period. Core Capital Management & Research inc. acquired a new stake in L3Harris Technologies in the 2nd quarter valued at about $2,784,000. Sequoia Financial Advisors LLC boosted its stake in shares of L3Harris Technologies by 10.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 66,606 shares of the company’s stock valued at $19,355,000 after buying an additional 6,414 shares during the period. MCF Advisors LLC grew its position in shares of L3Harris Technologies by 43.4% during the second quarter. MCF Advisors LLC now owns 486 shares of the company’s stock worth $141,000 after buying an additional 147 shares in the last quarter. Finally, National Pension Service increased its stake in shares of L3Harris Technologies by 4.3% during the second quarter. National Pension Service now owns 315,625 shares of the company’s stock worth $91,717,000 after buying an additional 12,951 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.