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 released on Sunday morning,Wall Street Zen reports.

Several other research analysts have also recently commented on LHX. Guggenheim began coverage on shares of L3Harris Technologies in a report on Monday, September 14th. They issued a “buy” rating and a $365.00 target price for the company. Argus lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Melius Research downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Susquehanna reduced their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $355.92.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $236.64 on Friday. The stock’s fifty day simple moving average is $264.22 and its 200 day simple moving average is $298.42. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.51 and a beta of 0.50. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies has a 52-week low of $234.01 and a 52-week high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, sell-side analysts forecast that L3Harris Technologies will post 11.91 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. L3Harris Technologies’s dividend payout ratio is 50.51%.

Institutional Investors Weigh In On L3Harris Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Doliver Advisors LP lifted its stake in shares of L3Harris Technologies by 13.9% in the 3rd quarter. Doliver Advisors LP now owns 6,517 shares of the company’s stock valued at $1,543,000 after purchasing an additional 797 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in L3Harris Technologies by 4.6% during the third quarter. Stonebridge Financial Group LLC now owns 19,974 shares of the company’s stock valued at $4,729,000 after buying an additional 879 shares in the last quarter. Parrish Capital LLC raised its holdings in L3Harris Technologies by 12.2% during the third quarter. Parrish Capital LLC now owns 5,180 shares of the company’s stock valued at $1,227,000 after buying an additional 565 shares in the last quarter. State Street Corp lifted its position in shares of L3Harris Technologies by 2.9% in the second quarter. State Street Corp now owns 9,097,353 shares of the company’s stock worth $2,643,600,000 after buying an additional 252,662 shares during the last quarter. Finally, Wellington Altus USA Inc. acquired a new stake in shares of L3Harris Technologies in the second quarter worth about $88,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.