L3Harris Technologies Inc (NYSE:LHX) Stock Has Average Target Price of $355.92

L3Harris Technologies Inc (NYSE:LHX) has received an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $350.08.

A number of equities analysts have recently issued reports on LHX shares. UBS Group reduced their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Sanford C. Bernstein dropped their target price on L3Harris Technologies from $365.00 to $346.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday, August 18th. Susquehanna decreased their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Finally, Jefferies Financial Group downgraded 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.

L3Harris Technologies Stock Performance

LHX stock opened at $237.08 on Wednesday. The firm has a market cap of $44.15 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.51 and a beta of 0.50. The firm has a 50-day simple moving average of $258.76 and a two-hundred day simple moving average of $294.08. L3Harris Technologies has a one year low of $232.34 and a one year high of $379.23. 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 (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during 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%. L3Harris Technologies’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts forecast that L3Harris Technologies will post 11.91 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

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

Institutional Trading of L3Harris Technologies

Institutional investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC lifted its position in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. Tower View Wealth Management LLC purchased a new stake in L3Harris Technologies during the first quarter worth approximately $29,000. NBH Bank purchased a new stake in L3Harris Technologies during the second quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its position in shares of L3Harris Technologies by 80.0% in the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock worth $29,000 after acquiring an additional 44 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of L3Harris Technologies in the fourth quarter worth $29,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

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.