L3Harris
LHX

$227.23

2.28%

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

Industrials Search, Detection, Navigation, Guidance, Aeronautical Systems

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

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]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$240

6%

upside

Avg. target

$257

13%

upside

High target

$270

19%

upside

7 analyst ratings

4 positive

57%

3 neutral

43%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about LHX published over the past 30 days

CNBC Television

L3Harris CEO on subcontracting with Palantir, global geopolitical risks and defense sector outlook

Chris Kubasik, L3Harris Technologies CEO, joins 'Closing Bell: Overtime' to discuss subcontracting with Palantir, global geopolitical risks and defense sector outlook.

L3Harris CEO on subcontracting with Palantir, global geopolitical risks and defense sector outlook

CNBC Television

L3Harris CEO on 2024 election, global threats and embracing defense's 'disruptor' label

L3Harris CEO on 2024 election, global threats and embracing defense's "disruptor" label Description: Morgan Brennan sits down with L3Harris Chair and CEO Chris Kubasik at the Jefferies Industrials Conference for an exclusive interview. They talk disruption in the defense industry, what Kubasik says needs to change about the Department of Defense's contract process, how the election could impact the industry and more.

L3Harris CEO on 2024 election, global threats and embracing defense's 'disruptor' label

L3Harris Technologies, Inc. (LHX) Jefferies Global Industrials Conference (Transcript)

L3Harris Technologies, Inc. (NYSE:LHX ) Jefferies Global Industrials Conference September 5, 2024 8:40 AM ET Company Participants Christopher Kubasik - Chairman and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Sheila Kahyaoglu Good morning everyone. My name is Sheila Kahyaoglu with the Jefferies Aerospace Defense and Airlines Equity Research Team.

L3Harris Technologies, Inc. (LHX) Jefferies Global Industrials Conference (Transcript)

L3Harris: A Must-Own Stock In A World Of Growing Defense Budgets

L3Harris Technologies is a fast-growing defense contractor benefiting from global military expenditure and U.S. military modernization, with strong revenue and EPS growth. LHX's strategic acquisitions, including Aerojet Rocketdyne, enhance its capabilities in missile defense and propulsion, positioning it well for future growth. Despite elevated debt, management aims for deleveraging and returning excess cash to shareholders, supported by a robust project backlog and consistent dividend growth.

L3Harris: A Must-Own Stock In A World Of Growing Defense Budgets

3 Dividend Stocks I Cannot Buy Enough Of

Concerns about a U.S. recession persist despite mixed economic signals. Leading indicators suggest a downturn, but some market metrics remain strong, adding uncertainty. Rate cuts are anticipated, providing a potential buffer against economic weakness. The dollar's trajectory is crucial for investors, particularly those with international exposure. Despite high valuations, certain sectors offer attractive opportunities. Strategic investments can capitalize on resilient trends and the potential for future growth.

3 Dividend Stocks I Cannot Buy Enough Of

L3Harris to Present at Upcoming Investor Conferences

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at the Jefferies 2024 Industrials Conference at 8:40 a.m. ET on Thursday, Sept. 5, in New York City. The presentation will stream live on the L3Harris website with a recording available following the event. L3Harris Integrated Mission Systems President, Jon Rambeau, will join Bedingfield at the Morgan Stanley 12th Annual Laguna Conferen.

L3Harris to Present at Upcoming Investor Conferences

Cash Flow King - L3Harris Remains A Significantly Undervalued Dividend Growth Gem

L3Harris Technologies is outperforming the market, driven by a strong defense sector and successful strategic moves, including the Aerojet Rocketdyne acquisition. The company's diversified portfolio, improving margins, and expanding backlog position it well for future growth, with expectations of strong EPS and dividend increases. Despite market volatility, L3Harris's attractive valuation and financial strength make it a compelling investment, with the potential for significant long-term returns.

Cash Flow King - L3Harris Remains A Significantly Undervalued Dividend Growth Gem

This L3Harris Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This L3Harris Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

L3Harris Announces 2030 Sustainability Goals

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has announced new sustainability goals that further demonstrate its commitment to environmental stewardship. By 2030, L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition, L3Harris is committing to sourcing 40% of its total electricity from renewable sources. “L3Harris remains dedicated to upholding environmentally conscious practices, and we are committed to meeting ou.

L3Harris Announces 2030 Sustainability Goals

Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches

New 5-year agreement supports L3Harris' Space Business beyond Firefly's existing agreement for three L3Harris launches in 2026 CEDAR PARK, Texas, Aug. 7, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced it signed a multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031 depending on customer needs. The new agreement is in addition to Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026.

Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches

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