L3Harris Technologies (NYSE:LHX) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded L3Harris Technologies from “buy” to “hold”, following similar rating cuts from Argus, Weiss Ratings and Melius Research. Despite the downgrades, analysts maintain a consensus “Moderate Buy” rating with a $355.92 price target.
• LHX opened at $237.20, near its 52-week low of $236.79 and well below its 52-week high of $379.23. The company has a market capitalization of approximately $44.17 billion.
• L3Harris exceeded quarterly expectations, reporting $3.13 in adjusted EPS versus the $2.80 consensus and revenue of $5.88 billion, up 8.4% year over year. Institutional investors own approximately 84.76% of the company’s shares.

L3Harris Technologies (NYSE:LHX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

LHX has been the topic of a number of other reports. Argus downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Weiss Ratings cut shares of L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 10th. Susquehanna reduced their price target 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, Melius Research lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.92.

L3Harris Technologies Trading Down 0.4%

LHX opened at $237.20 on Friday. L3Harris Technologies has a one year low of $236.79 and a one year 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. The business has a 50 day simple moving average of $269.36 and a two-hundred day simple moving average of $303.28. The firm has a market capitalization of $44.17 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.52 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) 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 analysts' expectations of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts predict that L3Harris Technologies will post 11.88 EPS for the current year.

Institutional Trading of L3Harris Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of LHX. Fideuram Asset Management Ireland dac bought a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. NBH Bank bought a new position in L3Harris Technologies in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC grew its position in L3Harris Technologies by 1,233.3% in the 1st 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 purchased a new stake in L3Harris Technologies in the fourth quarter worth $29,000. Finally, Tower View Wealth Management LLC purchased a new stake in L3Harris Technologies in the first quarter worth $29,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Company Profile

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.

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