L3Harris Technologies Inc (NYSE:LHX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $354.75.

LHX has been the subject of several analyst reports. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Sanford C. Bernstein reduced their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On L3Harris Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of LHX. Whitener Capital Management Inc. grew its holdings in L3Harris Technologies by 8.9% during the second quarter. Whitener Capital Management Inc. now owns 3,239 shares of the company’s stock worth $941,000 after purchasing an additional 264 shares during the period. Tema ETFs LLC raised its stake in L3Harris Technologies by 16.1% in the second quarter. Tema ETFs LLC now owns 3,300 shares of the company’s stock valued at $959,000 after buying an additional 458 shares during the period. Doliver Advisors LP lifted its position in shares of L3Harris Technologies by 1.3% in the second quarter. Doliver Advisors LP now owns 5,720 shares of the company’s stock valued at $1,662,000 after buying an additional 73 shares during the last quarter. City Holding Co. boosted its stake in shares of L3Harris Technologies by 3.4% during the 2nd quarter. City Holding Co. now owns 10,526 shares of the company’s stock worth $3,059,000 after acquiring an additional 344 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of L3Harris Technologies by 1.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,124 shares of the company’s stock worth $2,070,000 after acquiring an additional 83 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX opened at $299.83 on Friday. The stock has a market capitalization of $55.86 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.44 and a beta of 0.51. L3Harris Technologies has a 12 month low of $262.98 and a 12 month high of $379.23. The firm has a fifty day simple moving average of $299.43 and a 200 day simple moving average of $328.78. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the business earned $2.41 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts forecast that L3Harris Technologies will post 11.54 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 54.29%.

About L3Harris Technologies

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.