L3Harris Technologies (LHX) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for L3Harris Technologies in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LHX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LHX, but not buy additional shares or sell existing shares.
View LHX analyst ratings or view top-rated stocks.

14 Wall Street research analysts have issued 12 month price objectives for L3Harris Technologies' shares. Their LHX share price forecasts range from $222.00 to $285.00. On average, they predict the company's share price to reach $250.00 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for LHX or view top-rated stocks among Wall Street analysts.

L3Harris Technologies' stock was trading at $208.21 at the start of the year. Since then, LHX shares have decreased by 14.1% and is now trading at $178.76.
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L3Harris Technologies saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,830,000 shares, an increase of 5.2% from the April 15th total of 1,740,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.0% of the shares of the stock are short sold.
View L3Harris Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our LHX earnings forecast.

L3Harris Technologies, Inc. (NYSE:LHX) issued its quarterly earnings data on Thursday, April, 27th. The company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by $0.01. The company earned $4.47 billion during the quarter, compared to the consensus estimate of $4.26 billion. L3Harris Technologies had a net margin of 5.30% and a trailing twelve-month return on equity of 13.03%. L3Harris Technologies's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.12 earnings per share.
Read the conference call transcript.

L3Harris Technologies announced a quarterly dividend on Friday, April 21st. Shareholders of record on Friday, June 2nd will be paid a dividend of $1.14 per share on Friday, June 16th. This represents a $4.56 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for LHX.

ETFs with the largest weight of L3Harris Technologies (NYSE:LHX) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), Invesco Aerospace & Defense ETF (PPA), iShares U.S. Aerospace & Defense ETF (ITA), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR S&P Aerospace & Defense ETF (XAR), 2ndVote Life Neutral Plus ETF (LYFE), SPDR S&P Kensho Final Frontiers ETF (ROKT) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

L3Harris Technologies (NYSE:LHX) pays an annual dividend of $4.56 per share and currently has a dividend yield of 2.55%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 95.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LHX will have a dividend payout ratio of 33.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LHX.

L3Harris Technologies updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $12.00-$12.50 for the period, compared to the consensus earnings per share estimate of $11.16. The company issued revenue guidance of $17.40 billion-$17.80 billion, compared to the consensus revenue estimate of $16.12 billion.

291 employees have rated L3Harris Technologies Chief Executive Officer Bill Brown on Glassdoor.com. Bill Brown has an approval rating of 60% among the company's employees. This puts Bill Brown in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other L3Harris Technologies investors own include NVIDIA (NVDA), Walt Disney (DIS), Visa (V), Home Depot (HD), AbbVie (ABBV), Walmart (WMT), Johnson & Johnson (JNJ), Salesforce (CRM), AT&T (T) and UnitedHealth Group (UNH).

L3Harris Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "LHX."

L3Harris Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.18%), Price T Rowe Associates Inc. MD (5.04%), State Street Corp (4.59%), Wellington Management Group LLP (1.91%), Geode Capital Management LLC (1.88%) and FMR LLC (1.37%). Insiders that own company stock include Christopher E Kubasik, Dana A Mehnert, Edward J Zoiss, James P Girard, Lewis Kramer, Scott T Mikuen, Thomas A Corcoran, Thomas A Corcoran, Todd A Taylor, Todd W Gautier, William M Brown and William M Brown.
View institutional ownership trends.

Shares of LHX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LHX stock can currently be purchased for approximately $178.76.

L3Harris Technologies (NYSE:LHX) has a market capitalization of $33.87 billion and generates $17.06 billion in revenue each year. The company earns $1.06 billion in net income (profit) each year or $4.79 on an earnings per share basis.

The company employs 46,000 workers across the globe.

L3Harris Technologies' mailing address is 1025 W NASA BLVD, MELBOURNE FL, 32919. The official website for the company is www.harris.com. The company can be reached via phone at (321) 727-9100, via email at anurag.maheshwari@harris.com, or via fax at 321-724-3973.