L3Harris Technologies (NYSE:LHX) Stock Rating Upgraded by Wall Street Zen

L3Harris Technologies (NYSE:LHX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

LHX has been the subject of a number of other research reports. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Wednesday, August 26th. Susquehanna decreased their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. UBS Group lowered their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.92.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $237.15 on Friday. The firm has a market capitalization of $44.16 billion, a PE ratio of 23.95, a PEG ratio of 1.51 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. L3Harris Technologies has a 1-year low of $234.01 and a 1-year high of $379.23. The business’s 50 day moving average is $262.89 and its 200-day moving average is $297.50.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.L3Harris Technologies’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts predict that L3Harris Technologies will post 11.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LHX. NBH Bank acquired a new stake in shares of L3Harris Technologies in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC boosted its holdings in L3Harris Technologies by 1,233.3% in 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 last quarter. Abound Financial LLC bought a new position in L3Harris Technologies in the fourth quarter valued at about $29,000. Tower View Wealth Management LLC acquired a new stake in L3Harris Technologies in the first quarter worth about $29,000. Finally, Elevation Wealth Partners LLC increased its position in 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 purchasing an additional 44 shares during the period. Institutional investors own 84.76% of the company’s stock.

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.