L3Harris Technologies’ (LHX) Buy (B-) Rating Reiterated at Weiss Ratings

L3Harris Technologies (NYSE:LHXGet Free Report)‘s stock had its “buy (b-)” rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

LHX has been the topic of several other research reports. Susquehanna upped their price objective on shares of L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Wednesday. UBS Group increased their target price on shares of L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Truist Financial increased their target price on shares of L3Harris Technologies from $279.00 to $302.00 and gave the company a “buy” rating in a report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $279.47.

Check Out Our Latest Report on L3Harris Technologies

L3Harris Technologies Stock Performance

LHX opened at $306.83 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $280.99 and its two-hundred day moving average price is $251.50. L3Harris Technologies has a 1-year low of $193.09 and a 1-year high of $306.83. The company has a market cap of $57.41 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.20 and a beta of 0.76.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.30. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, analysts expect that L3Harris Technologies will post 11.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the transaction, the chief executive officer owned 145,578 shares in the company, valued at $40,747,282.20. This trade represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 195,138 shares of company stock worth $53,571,774 in the last three months. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On L3Harris Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Trust LLC bought a new position in shares of L3Harris Technologies in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of L3Harris Technologies in the first quarter valued at approximately $26,000. Beacon Capital Management LLC boosted its position in shares of L3Harris Technologies by 79.5% in the first quarter. Beacon Capital Management LLC now owns 131 shares of the company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Kiker Wealth Management LLC boosted its position in shares of L3Harris Technologies by 137.0% in the second quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock valued at $27,000 after acquiring an additional 63 shares during the period. Finally, Harbor Asset Planning Inc. bought a new position in shares of L3Harris Technologies in the second quarter valued at approximately $32,000. Institutional investors own 84.76% of the company’s stock.

About L3Harris Technologies

(Get Free Report)

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

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Analyst Recommendations for L3Harris Technologies (NYSE:LHX)

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