L3Harris Technologies (NYSE:LHX) Reaches New 12-Month High – Time to Buy?

Shares of L3Harris Technologies Inc (NYSE:LHX) reached a new 52-week high during trading on Monday . The company traded as high as $315.06 and last traded at $309.7850, with a volume of 220310 shares. The stock had previously closed at $304.48.

Key Headlines Impacting L3Harris Technologies

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

• Positive Sentiment: L3Harris agreed to sell roughly a 60% stake in its Space Propulsion & Power (Rocketdyne) business to AE Industrial Partners for a total enterprise value of $845 million, which provides near-term cash proceeds, reduces capital intensity and lets L3Harris retain a minority position in the asset. L3Harris sells 60% stake in space propulsion business for $845 million
• Positive Sentiment: The buyer, AE Industrial, framed the acquisition as a strategic fit for aerospace and national-security technologies; a partner with operational focus may accelerate the business’s commercial and government opportunities while L3Harris concentrates on higher-priority segments. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business
• Positive Sentiment: L3Harris also announced a restructure from four operating segments to three (Space & Mission Systems; Communications & Spectrum Dominance; Missile Solutions) to better align with defense demand drivers — a move investors typically view as improving focus and allocation of capital. L3Harris Announces Reorganization of Its Businesses
• Neutral Sentiment: The transaction is structured to close in H2 2026 and is subject to regulatory approvals and customary closing conditions, so the timing and final proceeds are not guaranteed; the deal size (~$845M) is small relative to LHX’s ~$58B market cap, limiting near-term materiality. L3Harris to Sell Majority Stake in Space Propulsion & Power Business to AE Industrial Partners
• Neutral Sentiment: Reports note the RS-25 engine business is excluded from the sale and L3Harris will retain a minority stake in the sold unit, which preserves some upside exposure but complicates the long-term revenue profile. AE Industrial to Acquire Majority Stake in L3Harris’ Space Propulsion & Power Business – “Rocketdyne”
• Negative Sentiment: Potential negatives: selling a controlling interest gives up majority upside in a space-growth area, and investors should watch for any one-time accounting items, impact on future revenue and margin mix, and regulatory/competition review risks ahead of closing. L3Harris confirms deal to sell 60% stake in space propulsion business for $845M

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LHX shares. JPMorgan Chase & Co. lifted their price target on shares of L3Harris Technologies from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Truist Financial lifted their price objective on L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Morgan Stanley upped their target price on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. UBS Group lifted their price target on L3Harris Technologies from $318.00 to $323.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, BNP Paribas upgraded shares of L3Harris Technologies to a “hold” rating in a research report on Tuesday, November 18th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.93.

L3Harris Technologies Price Performance

The company’s 50 day simple moving average is $287.32 and its 200 day simple moving average is $279.52. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $58.11 billion, a PE ratio of 33.30, a PEG ratio of 1.91 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.10. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. On average, equities analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 17th were issued a $1.20 dividend. The ex-dividend date was Monday, November 17th. This represents a $4.80 annualized dividend and a yield of 1.5%. L3Harris Technologies’s payout ratio is 51.56%.

Insider Activity at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 14,171 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the transaction, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On L3Harris Technologies

A number of hedge funds have recently made changes to their positions in LHX. Bank of New York Mellon Corp grew its stake in shares of L3Harris Technologies by 52.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,117,030 shares of the company’s stock valued at $1,032,716,000 after buying an additional 1,413,833 shares during the period. AGF Management Ltd. acquired a new position in L3Harris Technologies in the second quarter valued at $324,940,000. Victory Capital Management Inc. grew its position in L3Harris Technologies by 1,053.9% during the third quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock valued at $360,964,000 after acquiring an additional 1,079,474 shares during the period. Boston Partners increased its stake in L3Harris Technologies by 72.1% during the second quarter. Boston Partners now owns 2,002,211 shares of the company’s stock worth $504,160,000 after acquiring an additional 838,546 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of L3Harris Technologies by 8,284.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 775,322 shares of the company’s stock worth $194,482,000 after purchasing an additional 766,075 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

About L3Harris Technologies

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.