L3HarrisLHX
Market Cap: $43.1B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $245M | Put options by funds: $147M
37% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 98
24% more repeat investments, than reductions
Existing positions increased: 506 | Existing positions reduced: 407
10% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 11 (+1) [Q2]
3% more funds holding
Funds holding: 1,252 [Q1] → 1,288 (+36) [Q2]
5% more capital invested
Capital invested by funds: $34.5B [Q1] → $36.1B (+$1.62B) [Q2]
0.39% less ownership
Funds ownership: 85.27% [Q1] → 84.87% (-0.39%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital Ken Herbert 81% 1-year accuracy 50 / 62 met price target | 6%upside $240 | Sector Perform Downgraded | 14 Aug 2024 |
Morgan Stanley Kristine Liwag 89% 1-year accuracy 17 / 19 met price target | 13%upside $257 | Equal-Weight Downgraded | 9 Aug 2024 |
Wells Fargo Matthew Akers 89% 1-year accuracy 25 / 28 met price target | 14%upside $260 | Overweight Maintained | 31 Jul 2024 |
Barclays David Strauss 79% 1-year accuracy 15 / 19 met price target | 17%upside $265 | Overweight Maintained | 30 Jul 2024 |
RBC Capital Ken Herbert 81% 1-year accuracy 50 / 62 met price target | 10%upside $250 | Outperform Reiterated | 29 Jul 2024 |
Financial journalist opinion
Based on 8 articles about LHX published over the past 30 days