L3Harris Technologies (NYSE:LHX) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane started coverage on shares of L3Harris Technologies (NYSE:LHX) in a research note published on Tuesday, MarketBeat reports. The firm issued a neutral rating and a $290.00 price target on the stock.

A number of other research firms have also recently issued reports on LHX. Truist Financial raised their target price on shares of L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their price objective on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. UBS Group upped their target price on L3Harris Technologies from $318.00 to $323.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Morgan Stanley lifted 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $295.29.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $284.07 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average price is $291.03 and its two-hundred day moving average price is $268.32. The company has a market cap of $53.14 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. L3Harris Technologies has a twelve month low of $193.09 and a twelve month high of $308.12.

L3Harris Technologies (NYSE:LHX) last issued 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 11.82% and a net margin of 7.94%.The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the company posted $3.34 EPS. The firm’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, analysts predict that L3Harris Technologies will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 17th. L3Harris Technologies’s dividend payout ratio is presently 51.56%.

Insider Activity at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares in the company, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LHX. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after buying an additional 3,001 shares in the last quarter. IFP Advisors Inc raised its stake in L3Harris Technologies by 166.5% during the first quarter. IFP Advisors Inc now owns 8,337 shares of the company’s stock worth $1,747,000 after acquiring an additional 5,209 shares in the last quarter. Twin Capital Management Inc. bought a new position in shares of L3Harris Technologies in the first quarter worth about $203,000. J.W. Cole Advisors Inc. boosted its stake in shares of L3Harris Technologies by 103.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 8,116 shares of the company’s stock valued at $1,699,000 after purchasing an additional 4,126 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of L3Harris Technologies by 4.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,650 shares of the company’s stock valued at $3,067,000 after purchasing an additional 623 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.