L3Harris Technologies Inc (NYSE:LHX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $295.00.

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on L3Harris Technologies from $302.00 to $353.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on shares of L3Harris Technologies in a report on Tuesday, November 18th. They issued a “neutral” rating and a $290.00 price objective for the company. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. UBS Group lifted their price target on shares of L3Harris Technologies from $318.00 to $323.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Morgan Stanley boosted their price objective on shares of L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $286.15 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 1.14. L3Harris Technologies has a 1 year low of $193.09 and a 1 year high of $308.12. The firm’s 50-day simple moving average is $288.11 and its 200-day simple moving average is $273.78. The firm has a market cap of $53.52 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period last year, the firm earned $3.34 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities analysts forecast that L3Harris Technologies will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio is 51.56%.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the sale, the chief executive officer owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On L3Harris Technologies

Several large investors have recently added to or reduced their stakes in LHX. Cyndeo Wealth Partners LLC boosted its stake in shares of L3Harris Technologies by 2.7% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock valued at $350,000 after purchasing an additional 37 shares in the last quarter. Twin Lakes Capital Management LLC lifted its stake in L3Harris Technologies by 0.3% in the third quarter. Twin Lakes Capital Management LLC now owns 14,340 shares of the company’s stock worth $4,380,000 after purchasing an additional 38 shares during the last quarter. Lantern Wealth Advisors LLC boosted its position in L3Harris Technologies by 0.8% during the third quarter. Lantern Wealth Advisors LLC now owns 4,699 shares of the company’s stock valued at $1,435,000 after buying an additional 38 shares during the period. Fidelis Capital Partners LLC boosted its position in L3Harris Technologies by 2.2% during the second quarter. Fidelis Capital Partners LLC now owns 1,781 shares of the company’s stock valued at $493,000 after buying an additional 39 shares during the period. Finally, Independence Bank of Kentucky increased its holdings in shares of L3Harris Technologies by 44.4% in the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after buying an additional 40 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Company Profile

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.