L3Harris Technologies (LHX) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of L3Harris Technologies (NYSE: LHX) in the last few weeks:

• 1/16/2025 – L3Harris Technologies had its price target lowered by analysts at JPMorgan Chase & Co. from $270.00 to $265.00. They now have an “overweight” rating on the stock.
• 1/14/2025 – L3Harris Technologies had its price target lowered by analysts at Truist Financial Co. from $300.00 to $283.00. They now have a “buy” rating on the stock.
• 1/8/2025 – L3Harris Technologies had its price target lowered by analysts at Susquehanna from $300.00 to $258.00. They now have a “positive” rating on the stock.
• 1/8/2025 – L3Harris Technologies was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $267.00 price target on the stock, down previously from $289.00.
• 1/6/2025 – L3Harris Technologies had its price target lowered by analysts at Barclays PLC from $290.00 to $255.00. They now have an “overweight” rating on the stock.
• 1/2/2025 – L3Harris Technologies was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 1/2/2025 – L3Harris Technologies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $250.00 to $229.00. They now have a “hold” rating on the stock.
• 12/11/2024 – L3Harris Technologies had its price target lowered by analysts at Wells Fargo & Company from $295.00 to $287.00. They now have an “overweight” rating on the stock.
• 11/26/2024 – L3Harris Technologies was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $300.00 price target on the stock.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $218.26 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74. The business’s 50 day simple moving average is $228.85 and its two-hundred day simple moving average is $233.10. The stock has a market capitalization of $41.40 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 24th. The company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the firm earned $3.19 earnings per share. L3Harris Technologies’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts forecast that L3Harris Technologies, Inc. will post 13.07 EPS for the current year.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 2,988 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $247.93, for a total transaction of $740,814.84. Following the sale, the insider now owns 10,340 shares of the company’s stock, valued at $2,563,596.20. The trade was a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of L3Harris Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of L3Harris Technologies by 6.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,705 shares of the company’s stock worth $1,057,000 after acquiring an additional 268 shares during the period. Edgestream Partners L.P. boosted its holdings in L3Harris Technologies by 18.1% in the second quarter. Edgestream Partners L.P. now owns 4,557 shares of the company’s stock worth $1,023,000 after purchasing an additional 698 shares during the last quarter. Axxcess Wealth Management LLC grew its position in L3Harris Technologies by 4.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 4,867 shares of the company’s stock worth $1,093,000 after purchasing an additional 224 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in L3Harris Technologies by 8.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,473 shares of the company’s stock valued at $1,454,000 after buying an additional 482 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in L3Harris Technologies by 18.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,190 shares of the company’s stock valued at $4,297,000 after buying an additional 2,925 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

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.