L3Harris Technologies (NYSE:LHX) Stock Gets Price Target Increase from Royal Bank Of Canada

L3Harris Technologies (NYSE:LHX) had its price objective hoisted by research analysts at Royal Bank Of Canada from $265.00 to $295.00 in a report released on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 5.96% from the stock’s previous close.

A number of other research analysts also recently weighed in on LHX. Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Wednesday, August 26th. The Goldman Sachs Group dropped their price target on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Argus downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Susquehanna decreased their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Finally, Guggenheim started coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They set a “buy” rating and a $365.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $343.50.

L3Harris Technologies Stock Down 0.0%

Shares of LHX traded down $0.03 during trading hours on Friday, reaching $278.40. The company’s stock had a trading volume of 776,739 shares, compared to its average volume of 1,527,332. The firm has a market cap of $51.84 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.63 and a beta of 0.50. L3Harris Technologies has a 1-year low of $232.34 and a 1-year high of $379.23. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $249.65 and a two-hundred day moving average of $305.38.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the firm earned $2.70 EPS. L3Harris Technologies’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts predict that L3Harris Technologies will post 11.89 EPS for the current fiscal year.

Hedge Funds Weigh In On L3Harris Technologies

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in L3Harris Technologies during the 2nd quarter valued at about $5,525,806,000. State Street Corp lifted its position in shares of L3Harris Technologies by 2.9% during the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after acquiring an additional 252,662 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of L3Harris Technologies by 7.1% during the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock valued at $1,367,832,000 after purchasing an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in L3Harris Technologies during the second quarter valued at about $752,983,000. Finally, Bank of America Corp DE increased its position in shares of L3Harris Technologies by 22.3% in the first quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock worth $661,905,000 after acquiring an additional 350,313 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Trending Headlines about L3Harris Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations. L3Harris reported adjusted earnings of $3.28 per share, above consensus estimates of roughly $2.95-$2.99, while revenue reached approximately $6.07 billion versus the $5.92 billion forecast. Revenue grew 7.1% year over year, and earnings increased from $2.70 per share in the comparable period. L3Harris Q3 revenue earnings flash
• Positive Sentiment: Management raised its 2026 outlook. Full-year earnings guidance increased to $12.25-$12.35 per share from $11.80-$12.00, while the company also raised its revenue view. Stronger cash flow and broad-based operating growth supported the improved forecast. L3Harris raises 2026 guidance
• Positive Sentiment: Record backlog improved future revenue visibility. The company characterized backlog as a record, adding support to its growth outlook and helping drive an initial 5.5% share-price surge following the earnings release. Reports also cited a rare government equity stake involving the Department of War, which may have strengthened investor confidence in L3Harris’s strategic importance. L3Harris earnings beat and government stake
• Neutral Sentiment: Chief Executive Mehta indicated that L3Harris expects fewer portfolio adjustments and will focus on executing its existing businesses. This could improve operational consistency, but it also suggests fewer near-term catalysts from major acquisitions or divestitures. L3Harris portfolio strategy
• Negative Sentiment: After a substantial prior run-up, valuation remains a concern. Commentary suggested the shares could trade at a discount despite their gains, leaving the stock vulnerable if future results or defense-sector expectations fail to keep pace. L3Harris valuation commentary

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.