L3Harris Technologies (NYSE:LHX – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
A number of other analysts have also recently commented on the stock. UBS Group lowered their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their target price on L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. The Goldman Sachs Group decreased their target price on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $341.71.
L3Harris Technologies Stock Performance
Shares of LHX stock opened at $253.68 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The stock has a market cap of $47.24 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50. The stock has a 50-day moving average of $250.31 and a 200-day moving average of $286.62. L3Harris Technologies has a one year low of $232.34 and a one year high of $379.23.
L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 expect that L3Harris Technologies will post 11.89 earnings per share for the current year.
Institutional Investors Weigh In On L3Harris Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of LHX. Hilton Head Capital Partners LLC grew its position in L3Harris Technologies by 49.2% in the third quarter. Hilton Head Capital Partners LLC now owns 364 shares of the company’s stock valued at $86,000 after purchasing an additional 120 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in L3Harris Technologies by 5.8% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 7,746 shares of the company’s stock valued at $1,834,000 after buying an additional 428 shares during the last quarter. Meridian Financial Partners LLC increased its stake in L3Harris Technologies by 1.9% in the 3rd quarter. Meridian Financial Partners LLC now owns 5,916 shares of the company’s stock valued at $1,423,000 after buying an additional 112 shares during the last quarter. Norris Perne & French LLP MI bought a new stake in L3Harris Technologies during the 3rd quarter worth about $952,000. Finally, Signaturefd LLC lifted its position in L3Harris Technologies by 9.5% during the 3rd quarter. Signaturefd LLC now owns 10,684 shares of the company’s stock worth $2,530,000 after buying an additional 927 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.
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.
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