Truist Financial Upgrades L3Harris Technologies (NYSE:LHX) to Strong-Buy

L3Harris Technologies (NYSE:LHX) was upgraded by analysts at Truist Financial to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of L3Harris Technologies in a research note on Monday, January 5th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. increased their price objective on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.18.

L3Harris Technologies Stock Performance

LHX opened at $313.58 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $352.19 and its two-hundred day moving average price is $323.34. L3Harris Technologies has a 1-year low of $214.10 and a 1-year high of $379.23. The company has a market cap of $58.57 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.62 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping 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 the consensus estimate of $5.42 billion. During the same quarter in the prior year, the company posted $2.41 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, analysts expect that L3Harris Technologies will post 11.53 EPS for the current fiscal year.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 751 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $278,110.32. Following the completion of the sale, the vice president directly owned 4,131 shares of the company’s stock, valued at approximately $1,529,791.92. This trade represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samir Mehta sold 5,528 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider directly owned 7,756 shares of the company’s stock, valued at $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 19,025 shares of company stock valued at $6,824,370. 0.68% of the stock is owned by insiders.

Institutional Trading of L3Harris Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Global Assets Advisory LLC purchased a new stake in shares of L3Harris Technologies during the first quarter valued at approximately $226,000. Trifecta Capital Advisors LLC increased its holdings in L3Harris Technologies by 2.1% during the first quarter. Trifecta Capital Advisors LLC now owns 16,348 shares of the company’s stock worth $5,642,000 after buying an additional 339 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in L3Harris Technologies by 282.2% during the first quarter. Diversify Wealth Management LLC now owns 4,789 shares of the company’s stock worth $1,539,000 after buying an additional 3,536 shares during the last quarter. Valmark Advisers Inc. increased its holdings in L3Harris Technologies by 1.8% during the first quarter. Valmark Advisers Inc. now owns 5,247 shares of the company’s stock worth $1,811,000 after buying an additional 94 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in L3Harris Technologies by 583.3% during the first quarter. Pittenger & Anderson Inc. now owns 164 shares of the company’s stock worth $57,000 after buying an additional 140 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $2.72 vs. consensus ~ $2.53 and revenue ~ $5.74B (up ~12% YoY); operating margin and organic growth improved, supporting near?term profitability. Business Wire: Q1 Results
• Positive Sentiment: Strong weapons and missile demand boosted results — missile solutions revenue rose (~18%); orders of $7.8B and book?to?bill of 1.4x pushed backlog to a record ~$40.7B, supporting future revenue visibility. Reuters: Lifts 2026 Profit Forecast
• Positive Sentiment: Company confidentially filed a draft S?1 for an IPO of its Missile Solutions unit — potential value realization and strategic optionality for shareholders if executed. Reuters: Missile Unit IPO Filing
• Neutral Sentiment: Management raised FY?2026 EPS guidance to $11.40–$11.60, but the midpoint is slightly below some analyst consensus (introducing mixed reactions despite the raise). Zacks: Guidance Raised
• Negative Sentiment: Market reaction: shares sold off after the print — some investors focused on guidance being slightly light and on near?term execution/uncertainty around the IPO timing, outweighing the beat for now. Barron’s: Stock Falls After Earnings

L3Harris Technologies Company Profile

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.