L3Harris Technologies (NYSE:LHX) Stock Rating Upgraded by Truist Financial

Key Points

• Truist Financial upgraded L3Harris to a strong-buy, amid broad analyst support — MarketBeat shows a consensus "Moderate Buy" with an average price target of $350.18.
• L3Harris beat Q1 estimates (EPS $2.72 vs. $2.53; revenue $5.74B, +11.9% YoY), raised FY‑2026 guidance to $11.40–$11.60, and highlighted strong missile demand (orders $7.8B, backlog ~$40.7B; missile revenue ~+18%) while confidentially filing an S‑1 for its Missile Solutions unit.
• Despite the results and strategic moves, the stock traded down ~2.2% after the print amid concerns the guidance midpoint was slightly light and uncertainty over IPO timing, and insiders have recently reduced positions.

L3Harris Technologies (NYSE:LHX - Get Free Report) was upgraded by research analysts at Truist Financial to a "strong-buy" rating in a report released on Friday,Zacks.com reports.

Several other equities research analysts also recently commented on LHX. Wolfe Research reiterated an "outperform" rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Wall Street Zen raised L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a report on Friday, February 6th. TD Cowen reaffirmed a "buy" rating on shares of L3Harris Technologies in a report on Monday, January 5th. Finally, UBS Group cut their target price on L3Harris Technologies from $362.00 to $330.00 and set a "neutral" rating on the stock in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $350.18.

L3Harris Technologies Trading Down 2.2%

NYSE LHX opened at $313.58 on Friday. The business's fifty day moving average is $352.19 and its 200 day moving average is $323.34. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. L3Harris Technologies has a twelve month low of $214.10 and a twelve month high of $379.23. The company has a market cap of $58.57 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 1.62 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company earned $2.41 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, sell-side analysts expect that L3Harris Technologies will post 11.53 EPS for the current fiscal year.

Insider Activity

In other news, insider Jon Rambeau sold 5,528 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,660 shares of the company's stock, valued at $2,836,651.20. The trade was a 41.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Melanie Rakita sold 2,378 shares of the business's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. The trade was a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,025 shares of company stock valued at $6,824,370 in the last ninety days. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of L3Harris Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company's stock valued at $6,872,710,000 after acquiring an additional 190,955 shares during the period. Capital World Investors raised its stake in L3Harris Technologies by 2.9% during the 4th quarter. Capital World Investors now owns 11,645,419 shares of the company's stock worth $3,418,747,000 after buying an additional 329,910 shares during the period. State Street Corp raised its stake in L3Harris Technologies by 1.6% during the 4th quarter. State Street Corp now owns 8,919,368 shares of the company's stock worth $2,618,459,000 after buying an additional 141,442 shares during the period. Geode Capital Management LLC raised its stake in L3Harris Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company's stock worth $1,505,444,000 after buying an additional 106,430 shares during the period. Finally, Morgan Stanley raised its stake in L3Harris Technologies by 3.9% during the 4th quarter. Morgan Stanley now owns 3,318,020 shares of the company's stock worth $974,072,000 after buying an additional 124,797 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Key Headlines Impacting L3Harris Technologies

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

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $2.72 vs. consensus ~ $2.53 and revenue ~ $5.74B (up ~12% YoY); operating margin and organic growth improved, supporting near‑term profitability. Business Wire: Q1 Results
• Positive Sentiment: Strong weapons and missile demand boosted results — missile solutions revenue rose (~18%); orders of $7.8B and book‑to‑bill of 1.4x pushed backlog to a record ~$40.7B, supporting future revenue visibility. Reuters: Lifts 2026 Profit Forecast
• Positive Sentiment: Company confidentially filed a draft S‑1 for an IPO of its Missile Solutions unit — potential value realization and strategic optionality for shareholders if executed. Reuters: Missile Unit IPO Filing
• Neutral Sentiment: Management raised FY‑2026 EPS guidance to $11.40–$11.60, but the midpoint is slightly below some analyst consensus (introducing mixed reactions despite the raise). Zacks: Guidance Raised
• Negative Sentiment: Market reaction: shares sold off after the print — some investors focused on guidance being slightly light and on near‑term execution/uncertainty around the IPO timing, outweighing the beat for now. Barron's: Stock Falls After Earnings

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.

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