L3Harris Technologies (NYSE:LHX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of L3Harris Technologies (NYSE:LHX) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Several other research firms also recently weighed in on LHX. BNP Paribas Exane started coverage on L3Harris Technologies in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $290.00 price target for the company. Weiss Ratings raised shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Susquehanna reaffirmed a “positive” rating on shares of L3Harris Technologies in a research note on Friday, October 31st. Truist Financial lifted their price target on shares of L3Harris Technologies from $302.00 to $353.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, BNP Paribas raised shares of L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $299.93.

L3Harris Technologies Stock Performance

LHX opened at $311.47 on Friday. The firm has a market cap of $58.26 billion, a P/E ratio of 33.46, a PEG ratio of 1.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95. The company has a 50 day simple moving average of $287.73 and a two-hundred day simple moving average of $279.96. L3Harris Technologies has a 1-year low of $193.09 and a 1-year high of $315.06.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the firm earned $3.34 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities analysts forecast that L3Harris Technologies will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, November 17th. L3Harris Technologies’s dividend payout ratio is currently 51.56%.

Insider Buying and Selling

In related news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the completion of the transaction, the chief executive officer owned 144,426 shares in the company, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On L3Harris Technologies

A number of institutional investors and hedge funds have recently modified their holdings of LHX. Nova Wealth Management Inc. bought a new stake in L3Harris Technologies in the first quarter worth $26,000. Kiker Wealth Management LLC raised its stake in shares of L3Harris Technologies by 137.0% in the second quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock valued at $27,000 after acquiring an additional 63 shares during the period. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies in the third quarter valued at $28,000. JPL Wealth Management LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter worth about $29,000. Finally, Triumph Capital Management purchased a new position in shares of L3Harris Technologies during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

More L3Harris Technologies News

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

• Positive Sentiment: Sizable divestiture provides cash and strategic focus — L3Harris agreed to sell roughly a 60% stake in its Space Propulsion & Power business to AE Industrial Partners at an enterprise value of $845M, a deal that should free capital for higher-priority national-security programs and reduce exposure to lower-margin civil space segments. L3Harris sells 60% stake in space propulsion business for $845 million
• Positive Sentiment: Buyer is a sector specialist — AE Industrial (private equity focused on aerospace/defense) will take a controlling interest in the Rocketdyne-related assets, increasing likelihood the business will scale under active industry ownership while L3Harris retains strategic parts of its propulsion franchise. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business – “Rocketdyne”
• Positive Sentiment: Corporate reorganization aligns portfolio with defense demand — L3Harris collapsed four segments into three (Space & Mission Systems; Communications & Spectrum Dominance; Missile Solutions) to better match the “future of warfare” and management says this will sharpen execution and resource allocation. L3Harris Announces Reorganization of Its Businesses
• Positive Sentiment: Geopolitical tailwinds support defense demand — market commentary on U.S. operations in Venezuela and broader rearmament themes highlights stronger near-term demand for propulsion, munitions and missile-related systems in which LHX participates, lifting sentiment for primes and suppliers.
• Neutral Sentiment: Analyst sentiment remains constructive — brokers maintain a “Moderate Buy” consensus on LHX, supporting investor appetite but not signaling unanimous upside. L3Harris Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Timing and structure: closing is expected in H2 2026 and the $845M is an enterprise value (includes debt), so reported net proceeds and timing for redeployment will matter to investors once finalized. L3Harris to Sell Majority Stake in Space Propulsion & Power Business to AE Industrial Partners
• Negative Sentiment: Execution and approval risk — the transaction is subject to regulatory approvals and closing conditions; any delay or required divestiture adjustments could temper near-term upside.
• Negative Sentiment: Strategic trade-offs — selling majority of propulsion assets narrows L3Harris’ ownership of certain civil-space flows (the RS-25 engine business is excluded), which could limit long-term upside from commercial launch market recoveries even as defense exposure rises.

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.