L3Harris Technologies, Inc. (NYSE:LHX) Receives $231.80 Consensus Price Target from Analysts

L3Harris Technologies, Inc. (NYSE:LHX - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $231.80.

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on L3Harris Technologies from $222.00 to $229.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. Wells Fargo & Company lifted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 7th. StockNews.com lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. Barclays lifted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 30th. Finally, Citigroup lifted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th.

Insider Activity

In other L3Harris Technologies news, Director William H. Swanson purchased 1,250 shares of L3Harris Technologies stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now directly owns 1,543 shares of the company's stock, valued at $332,285.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other L3Harris Technologies news, Director William H. Swanson purchased 1,250 shares of L3Harris Technologies stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now directly owns 1,543 shares of the company's stock, valued at $332,285.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $211.47, for a total transaction of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares of the company's stock, valued at $6,057,346.68. The disclosure for this sale can be found here. Insiders sold 48,362 shares of company stock valued at $10,261,360 in the last quarter. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On L3Harris Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LHX. Bfsg LLC purchased a new stake in L3Harris Technologies during the 1st quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in L3Harris Technologies during the 4th quarter valued at approximately $28,000. KB Financial Partners LLC grew its holdings in L3Harris Technologies by 96.5% during the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company's stock valued at $29,000 after buying an additional 82 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in L3Harris Technologies during the 3rd quarter valued at approximately $35,000. Finally, Blue Trust Inc. grew its holdings in L3Harris Technologies by 178.7% during the 4th quarter. Blue Trust Inc. now owns 170 shares of the company's stock valued at $36,000 after buying an additional 109 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 0.4 %

Shares of LHX stock traded up $0.96 during mid-day trading on Wednesday, reaching $222.09. 773,409 shares of the company's stock traded hands, compared to its average volume of 1,092,328. L3Harris Technologies has a 12 month low of $160.25 and a 12 month high of $223.33. The company has a market cap of $42.13 billion, a P/E ratio of 36.05, a P/E/G ratio of 1.85 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.59. The company's 50-day moving average price is $210.97 and its 200-day moving average price is $205.00.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.17. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.11 billion. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.86 EPS. On average, equities analysts expect that L3Harris Technologies will post 12.92 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, June 4th. L3Harris Technologies's payout ratio is currently 75.32%.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.