L3Harris Technologies (NYSE:LHX) Rating Lowered to Hold at Wall Street Zen

L3Harris Technologies (NYSE:LHX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts also recently commented on LHX. UBS Group dropped their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Susquehanna decreased their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Melius Research lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Sanford C. Bernstein decreased their target price on L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.92.

L3Harris Technologies Price Performance

LHX stock opened at $237.20 on Friday. The business has a 50 day moving average price of $269.36 and a 200 day moving average price of $302.80. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a market cap of $44.17 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.52 and a beta of 0.50. L3Harris Technologies has a fifty-two week low of $236.79 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. The company 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 firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts anticipate that L3Harris Technologies will post 11.88 earnings per share for the current fiscal year.

Institutional Trading of L3Harris Technologies

Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of L3Harris Technologies by 2.9% in the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company’s stock worth $2,643,600,000 after acquiring an additional 252,662 shares during the period. Wellington Altus USA Inc. acquired a new position in shares of L3Harris Technologies during the second quarter worth about $88,000. Talon Private Wealth LLC raised its holdings in L3Harris Technologies by 9.2% during the second quarter. Talon Private Wealth LLC now owns 9,700 shares of the company’s stock worth $2,819,000 after purchasing an additional 821 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in L3Harris Technologies during the second quarter worth about $2,784,000. Finally, Sequoia Financial Advisors LLC lifted its position in L3Harris Technologies by 10.7% in the second quarter. Sequoia Financial Advisors LLC now owns 66,606 shares of the company’s stock valued at $19,355,000 after purchasing an additional 6,414 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.