L3Harris
About: L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, provides military and commercial training services, and maintains the us Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.
Employees: 50,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $203M | Put options by funds: $149M
14% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 96
9% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 12 (+1) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 500 | Existing positions reduced: 466
3% more capital invested
Capital invested by funds: $37B [Q2] → $38.2B (+$1.15B) [Q3]
1% more funds holding
Funds holding: 1,305 [Q2] → 1,318 (+13) [Q3]
2.23% less ownership
Funds ownership: 86.92% [Q2] → 84.68% (-2.23%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$250
17%
upside
Avg. target
$287
34%
upside
High target
$300
40%
upside
8 analyst ratings
6 positive
75%
2 neutral
25%
0 negative
0%
Wells Fargo Matthew Akers 28% 1-year accuracy 13 / 46 met price target | 34%upside $287 | Overweight Maintained | 11 Dec 2024 |
Argus Research Kristina Ruggeri 67% 1-year accuracy 2 / 3 met price target | 40%upside $300 | Buy Upgraded | 26 Nov 2024 |
B of A Securities Ronald Epstein 50% 1-year accuracy 15 / 30 met price target | 40%upside $300 | Buy Upgraded | 31 Oct 2024 |
RBC Capital Ken Herbert 45% 1-year accuracy 31 / 69 met price target | 24%upside $265 | Sector Perform Maintained | 28 Oct 2024 |
Truist Securities Michael Ciarmoli 66% 1-year accuracy 39 / 59 met price target | 40%upside $300 | Buy Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 12 articles about LHX published over the past 30 days
Positive
Zacks Investment Research
6 days ago
Buy These 5 3D Printing Stocks to Strengthen Your Portfolio for 2025
Five 3D printing stocks have strong revenues and earnings growth potential for 2025 and solid short-term upside. These are: ADSK, NVDA, GE, LHX, CSR.
Positive
Kiplinger
1 week ago
The Best Industrial Stocks to Buy
Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Here's how to find the best ones.
Positive
Zacks Investment Research
1 week ago
LHX or EADSY: Which Is the Better Value Stock Right Now?
Investors with an interest in Aerospace - Defense stocks have likely encountered both L3Harris (LHX) and Airbus Group (EADSY). But which of these two stocks presents investors with the better value opportunity right now?
Negative
Zacks Investment Research
1 week ago
After Plunging -9.1% in 4 Weeks, Here's Why the Trend Might Reverse for L3Harris (LHX)
L3Harris (LHX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Positive
Seeking Alpha
2 weeks ago
L3Harris Is Likely To Benefit From Increased Defense Spending Amid U.S.-China Tensions
Heightened global defense spending reflects critical macroeconomic priorities to safeguard democratic stability against rising authoritarian pressures, with L3Harris positioned as a key beneficiary. L3Harris's $34B backlog and advanced space defense projects align with geopolitical imperatives, driving a projected 7%-15% CAGR as the West fortifies its economic and military leadership. Elevated debt and reliance on U.S. contracts pose risks, but L3Harris's alignment with strategic geopolitical goals ensures resilience against potential macroeconomic shocks.
Positive
Zacks Investment Research
2 weeks ago
Why L3Harris (LHX) is a Top Value Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Positive
Seeking Alpha
2 weeks ago
Red, White, And Wealth: Building An All-American Dividend Portfolio
I love America and invest heavily in it for good reason. This article explores why the U.S. outshines the world economically and strategically for investors. With unmatched innovation, military strength, and natural resources, the U.S. excels. I highlight risks, rewards, and the keys to building a winning portfolio. From defense giants to energy royalty players, I share my favorite stocks to beat the market and capitalize on America's enduring strengths.
Positive
Seeking Alpha
2 weeks ago
Why L3Harris Is An Attractive Buy On The Recent Pullback
L3Harris Technologies offers an attractive investment opportunity with its recent price pullback, strategic acquisitions, and a robust $34 billion backlog in critical defense technologies. Strong Q3 2024 results, including 8% revenue growth and increased free cash flow, underscore LHX's operational efficiency and resilience. Raised revenue guidance, cost-saving initiatives, and disciplined deleveraging strategy position LHX for sustained growth and enhanced shareholder returns.
Positive
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2 weeks ago
Escape The 9-5 Grind: 3 Terrific Dividend Stocks To Fuel Your Financial Freedom
Many people, especially under 45, are falling behind in retirement savings due to financial crises, student debt, and high living expenses. Investing is crucial to combat inflation and benefit from stock market gains, even if it requires significant sacrifices. Index funds like the S&P 500 or high-quality dividend ETFs are recommended for most investors, but knowledgeable investors might consider specific dividend stocks.
Positive
Seeking Alpha
2 weeks ago
L3Harris Technologies: Strategic Focus On Defense Technology; Initiate With 'Buy'
L3Harris Technologies is evolving into a pure defense technology player, with strategic acquisitions like Aerojet Rocketdyne and Viasat's Tactical Data Links. The company targets $1 billion in cost savings through workflow automation and supply chain improvements, leveraging partnerships like the one with Palantir. Recent financials show 5% organic growth in revenue and adjusted EPS, with a strong outlook for a 16%+ operating margin by FY26.
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