L3Harris Technologies Inc (NYSE:LHX) Stock Has Average Price Target of $343.50

Key Points

• Analysts have a “Moderate Buy” consensus on L3Harris Technologies, with 9 buy, 2 strong-buy and 8 hold ratings. The average 12-month price target is $343.50.
• L3Harris reported strong third-quarter results, with EPS of $3.28 versus the $2.95 consensus and revenue of approximately $6.07 billion, up 7.1% year over year. The company also raised its 2026 EPS outlook to $12.25–$12.35.
• Record backlog of $53.2 billion supports future revenue visibility, although analysts and investors remain cautious about valuation, recent rating downgrades, and lower longer-term cash-flow and margin targets.

Shares of L3Harris Technologies Inc (NYSE:LHX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $343.50.

Several research analysts recently commented on the company. Royal Bank Of Canada increased their price objective on L3Harris Technologies from $265.00 to $295.00 and gave the company a "sector perform" rating in a research note on Friday. Susquehanna reduced their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research report on Friday, July 31st. Argus downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Friday, September 25th. Jefferies Financial Group lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research report on Wednesday, August 26th. Finally, UBS Group reaffirmed a "neutral" rating and set a $293.00 price objective on shares of L3Harris Technologies in a research note on Friday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hunter Associates Investment Management LLC grew its stake in shares of L3Harris Technologies by 1.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company's stock valued at $763,000 after buying an additional 34 shares during the period. Miller Global Investments LLC lifted its holdings in L3Harris Technologies by 34.0% in the second quarter. Miller Global Investments LLC now owns 138 shares of the company's stock valued at $40,000 after acquiring an additional 35 shares during the last quarter. AlTi Global Inc. lifted its holdings in L3Harris Technologies by 4.3% in the first quarter. AlTi Global Inc. now owns 923 shares of the company's stock valued at $319,000 after acquiring an additional 38 shares during the last quarter. Twin Lakes Capital Management LLC grew its position in L3Harris Technologies by 0.3% in the second quarter. Twin Lakes Capital Management LLC now owns 14,195 shares of the company's stock worth $4,125,000 after acquiring an additional 38 shares during the period. Finally, Center for Financial Planning Inc. grew its position in L3Harris Technologies by 18.8% in the third quarter. Center for Financial Planning Inc. now owns 246 shares of the company's stock worth $58,000 after acquiring an additional 39 shares during the period. 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: L3Harris reported third-quarter EPS of $3.28, above the $2.95 analyst consensus, while revenue rose 7.1% year over year to approximately $6.07 billion, exceeding expectations of $5.92 billion. L3Harris Technologies earnings results
• Positive Sentiment: The defense contractor raised its 2026 outlook, including full-year EPS guidance to $12.25–$12.35 from $11.80–$12.00, supported by broad-based growth and stronger cash flow. L3Harris raises yearly guidance
• Positive Sentiment: Record backlog of $53.2 billion highlights strong defense demand and improves revenue visibility. Reports also cited a rare government equity stake as an additional supportive development. LHX Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada raised its LHX price target to $295 from $265 but retained a “sector perform” rating, indicating improved valuation potential without a strong bullish recommendation. RBC raises L3Harris price target
• Negative Sentiment: Management’s lower 2028 cash-flow and margin targets raise questions about execution and may limit enthusiasm despite the stronger 2026 forecast. Valuation concerns also remain after a substantial recent run-up.

L3Harris Technologies Stock Performance

LHX opened at $277.79 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.45. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.68 and a beta of 0.50. L3Harris Technologies has a 52-week low of $232.34 and a 52-week high of $379.23. The firm's fifty day simple moving average is $249.80 and its two-hundred day simple moving average is $305.06.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that L3Harris Technologies will post 12.32 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies's dividend payout ratio (DPR) is presently 46.64%.

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.

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