L3Harris Technologies (NYSE:LHX) Stock Rating Upgraded by Wall Street Zen

L3Harris Technologies (NYSE:LHX) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on LHX. Royal Bank Of Canada lifted their target price on L3Harris Technologies from $265.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Wednesday, August 26th. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Guggenheim assumed coverage on shares of L3Harris Technologies in a report on Monday, September 14th. They issued a “buy” rating and a $365.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $343.50.

L3Harris Technologies Trading Up 0.4%

Shares of NYSE LHX opened at $278.83 on Friday. L3Harris Technologies has a twelve month low of $232.34 and a twelve month high of $379.23. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $250.04 and a 200-day simple moving average of $304.75. The stock has a market capitalization of $51.92 billion, a PE ratio of 22.84, a PEG ratio of 1.63 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the company earned $2.70 EPS. L3Harris Technologies’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that L3Harris Technologies will post 12.32 earnings per share for the current year.

Institutional Investors Weigh In On L3Harris Technologies

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies during the second quarter worth approximately $5,525,806,000. State Street Corp raised its holdings in L3Harris Technologies by 2.9% in the second quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after acquiring an additional 252,662 shares in the last quarter. Wellington Management Group LLP lifted its stake in L3Harris Technologies by 7.1% in the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock worth $1,367,832,000 after acquiring an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in L3Harris Technologies in the second quarter worth approximately $752,983,000. Finally, Bank of America Corp DE grew its holdings in L3Harris Technologies by 22.3% during the 1st quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock worth $661,905,000 after acquiring an additional 350,313 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Trending Headlines about L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris received multiple U.S. Army production orders worth a combined $121 million for its Low-Cost Data Radio (LOCODA) solution. The equipment is intended to improve vehicle communications and support Army command-and-control applications, adding near-term backlog visibility. L3Harris Receives $121 Million in Orders to Support Army Command and Control
• Positive Sentiment: The company announced work to advance submarine technology for Germany and Norway, strengthening L3Harris’s position in allied undersea-defense programs and potentially supporting longer-term international growth. L3Harris Technologies to Advance German and Norwegian Submarine Technology
• Positive Sentiment: J.P. Morgan resumed coverage with an Overweight rating, a constructive signal for investor sentiment. L3Harris Rated Overweight by JP Morgan
• Positive Sentiment: L3Harris’s price target was raised to $295, indicating analysts see additional upside from recent trading levels. L3Harris Technologies Price Target Raised to $295
• Positive Sentiment: Recent quarterly results showed revenue growth of 7.1%, earnings above consensus and raised 2026 guidance, reinforcing the case for an operational rebound after the stock’s prior decline. L3Harris Stock Took a Beating—Is a 20% Rebound Next?
• Neutral Sentiment: UBS maintained its Hold rating, providing a more cautious counterpoint to the bullish J.P. Morgan view. UBS Maintains Hold Rating for L3Harris Technologies

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.