L3Harris Technologies Inc (NYSE:LHX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of L3Harris Technologies Inc (NYSE:LHX) have earned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $360.4545.

A number of research firms have recently weighed in on LHX. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Wednesday, August 26th. BNP Paribas Exane lowered their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Melius Research cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, Weiss Ratings lowered L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday.

L3Harris Technologies Stock Down 1.2%

Shares of L3Harris Technologies stock opened at $245.42 on Friday. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.58 and a beta of 0.50. The stock has a 50-day simple moving average of $278.43 and a 200-day simple moving average of $311.41. L3Harris Technologies has a 52-week low of $244.76 and a 52-week high of $379.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion for 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%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts expect that L3Harris Technologies will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the 4th quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies during the fourth quarter valued at about $25,000. NBH Bank acquired a new stake in L3Harris Technologies during the second quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC increased its stake 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 acquiring an additional 74 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

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.