L3Harris Technologies Inc (LHX) To Go Ex-Dividend on March 6th

L3Harris Technologies Inc (NYSE:LHX) declared a quarterly dividend on Friday, January 23rd. Shareholders of record on Friday, March 6th will be given a dividend of 1.25 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a 4.2% increase from L3Harris Technologies’s previous quarterly dividend of $1.20.

L3Harris Technologies has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 24 years. L3Harris Technologies has a payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect L3Harris Technologies to earn $12.53 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 39.9%.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $354.66 on Friday. L3Harris Technologies has a 52-week low of $193.09 and a 52-week high of $361.59. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The stock has a market cap of $66.34 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.66. The business has a 50-day simple moving average of $301.06 and a 200-day simple moving average of $288.27.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company earned $3.34 earnings per share. L3Harris Technologies’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. On average, equities analysts expect that L3Harris Technologies will post 11.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BNP Paribas Exane raised shares of L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on L3Harris Technologies from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley upped their price target on L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $315.73.

L3Harris Technologies Company Profile

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.