L3Harris Technologies (NYSE:LHX) Rating Increased to Strong-Buy at Guggenheim

Guggenheim upgraded shares of L3Harris Technologies (NYSE:LHX) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Wednesday, August 26th. Susquehanna decreased their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. BNP Paribas Exane lowered their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. UBS Group dropped their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $360.83.

L3Harris Technologies Trading Up 0.5%

Shares of LHX opened at $250.99 on Monday. The stock has a market capitalization of $46.74 billion, a PE ratio of 25.35, a P/E/G ratio of 1.59 and a beta of 0.50. The company’s fifty day moving average is $275.63 and its 200 day moving average is $308.99. 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 fifty-two week low of $244.76 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the business earned $2.78 earnings per share. L3Harris Technologies’s quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts expect that L3Harris Technologies will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

Institutional Trading of L3Harris Technologies

Several institutional investors have recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth approximately $25,000. NBH Bank bought a new position in L3Harris Technologies in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC grew its position 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 acquiring an additional 74 shares during the last quarter. Abound Financial LLC purchased a new stake in L3Harris Technologies in the fourth quarter worth $29,000. Finally, Tower View Wealth Management LLC purchased a new stake in L3Harris Technologies in the first quarter worth $29,000. Institutional investors own 84.76% of the company’s stock.

About L3Harris Technologies

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.