L3Harris Technologies Inc (NYSE:LHX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on L3Harris, with nine buy, two strong-buy and four hold ratings. The average 12-month price target is $365, above the reported share price of $278.05.
• L3Harris exceeded quarterly expectations, reporting $3.13 in adjusted EPS versus the $2.80 consensus and $5.88 billion in revenue, up 8.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.80–$12.00.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 1.8% yield. Investors are also monitoring the immediate CEO transition to Sam Mehta after Christopher Kubasik’s departure over an unspecified conduct violation.

Shares of L3Harris Technologies Inc (NYSE:LHX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $365.00.

LHX has been the topic of several research reports. Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. Sanford C. Bernstein lowered their price target on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. BNP Paribas Exane decreased their price objective on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. UBS Group dropped their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Finally, Susquehanna cut their price target on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a report on Friday, July 31st.

L3Harris Technologies Stock Performance

LHX opened at $278.05 on Tuesday. The firm has a market capitalization of $51.78 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The stock's 50 day moving average price is $292.38 and its two-hundred day moving average price is $322.68. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies has a 12-month low of $262.68 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the company earned $2.78 earnings per share. The company's quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts forecast that L3Harris Technologies will post 11.88 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allstate Corp raised its position in L3Harris Technologies by 106.7% in the 4th quarter. Allstate Corp now owns 13,985 shares of the company's stock valued at $4,106,000 after buying an additional 7,219 shares during the last quarter. Swiss National Bank boosted its position in L3Harris Technologies by 7.1% during the 1st quarter. Swiss National Bank now owns 549,029 shares of the company's stock worth $189,497,000 after acquiring an additional 36,320 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of L3Harris Technologies by 23.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company's stock worth $64,920,000 after acquiring an additional 41,414 shares in the last quarter. Atria Investments Inc grew its stake in shares of L3Harris Technologies by 77.9% during the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company's stock worth $4,345,000 after acquiring an additional 6,482 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of L3Harris Technologies by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company's stock valued at $531,416,000 after purchasing an additional 110,423 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies News Summary

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

• Positive Sentiment: L3Harris appointed insider Sam Mehta as president and chief executive officer effective immediately. Mehta’s familiarity with the business could help provide continuity and limit disruption while the company manages the transition. L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
• Positive Sentiment: A new Rhode Island facility is expanding L3Harris’ undersea-defense capabilities, including advanced training systems for U.S. and allied fleets. The investment may support long-term growth in an area benefiting from increased defense demand. Can L3Harris' New Rhode Island Facility Strengthen Undersea Growth?
• Neutral Sentiment: The leadership transition is effective immediately, and additional details about the conduct violation were not disclosed. Investors will likely watch for information on Mehta’s strategic priorities, the board’s governance process and any effect on customer or government relationships. Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified conduct
• Negative Sentiment: Kubasik’s departure is particularly sensitive because he previously left Lockheed Martin after acknowledging an improper relationship with a subordinate. The repeat conduct-related controversy may heighten reputational and governance concerns surrounding L3Harris. L3Harris ousts CEO Christopher Kubasik after probe finds he violated code of conduct

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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