L3Harris Technologies (NYSE:LHX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of L3Harris Technologies (NYSE:LHX) from a hold rating to a buy rating in a research report released on Sunday,Wall Street Zen reports.

A number of other research firms have also issued reports on LHX. Susquehanna reduced their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Argus downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Jefferies Financial Group lowered 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. Guggenheim began coverage on L3Harris Technologies in a research note on Monday, September 14th. They issued a “buy” rating and a $365.00 price objective for the company. Finally, UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $355.92.

L3Harris Technologies Trading Up 0.3%

NYSE:LHX opened at $237.69 on Friday. The stock has a market cap of $44.26 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.51 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies has a 1 year low of $234.01 and a 1 year high of $379.23. The business has a fifty day moving average of $261.54 and a 200-day moving average of $296.57.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates 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 last year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that L3Harris Technologies will post 11.91 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

Hedge Funds Weigh In On L3Harris Technologies

A number of institutional investors have recently modified their holdings of LHX. Cedar Mountain Advisors LLC grew its stake in L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Tower View Wealth Management LLC acquired a new position in L3Harris Technologies during the 1st quarter worth $29,000. NBH Bank bought a new stake in L3Harris Technologies during the second quarter valued at about $26,000. Elevation Wealth Partners LLC boosted its holdings in L3Harris Technologies by 80.0% during the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock valued at $29,000 after acquiring an additional 44 shares during the period. Finally, Abound Financial LLC bought a new stake in L3Harris Technologies during the fourth quarter valued at about $29,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.