L3Harris Technologies (NYSE:LHX) Cut to Hold at Melius Research

Posted by George Bondi on Sep 8th, 2026

L3Harris Technologies (NYSE:LHX – Get Free Report) was downgraded by Melius Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Marketbeat.com reports.

LHX has been the subject of several other research reports. UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research report on Wednesday, August 26th. BNP Paribas Exane decreased their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $360.45.

Read Our Latest Report on LHX

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $256.45 on Tuesday. The firm has a market capitalization of $47.75 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.64 and a beta of 0.50. The firm’s 50-day moving average price is $282.12 and its 200-day moving average price is $314.08. 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 has a 1-year low of $256.05 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the company posted $2.78 EPS. The firm’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. Equities research analysts anticipate that L3Harris Technologies will post 11.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On L3Harris Technologies

Several large investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC boosted its holdings in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the fourth quarter valued at about $25,000. Tower View Wealth Management LLC purchased a new position in L3Harris Technologies during the first quarter worth about $29,000. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies during the fourth quarter worth about $25,000. Finally, Motiv8 Investments LLC bought a new stake in L3Harris Technologies in the 4th quarter worth about $25,000. 84.76% of the stock is currently owned by institutional investors.

About L3Harris Technologies

(Get Free Report)

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.