L3Harris Technologies (NYSE:LHX) Issues Quarterly Earnings Results

L3Harris Technologies (NYSE:LHX) announced its earnings results on Thursday. The company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.43 by $0.04, Zacks reports. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. L3Harris Technologies updated its FY 2025 guidance to 10.550-10.850 EPS.

L3Harris Technologies Stock Down 1.3 %

Shares of LHX stock traded down $2.78 during mid-day trading on Thursday, hitting $209.17. The company’s stock had a trading volume of 495,426 shares, compared to its average volume of 1,160,506. L3Harris Technologies has a 52-week low of $200.18 and a 52-week high of $265.74. The business has a 50-day moving average price of $221.93 and a 200 day moving average price of $232.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market cap of $39.67 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.75 and a beta of 0.75.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Tuesday, November 26th. Barclays cut their target price on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wolfe Research raised shares of L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective on the stock in a research note on Thursday, October 10th. Wells Fargo & Company dropped their target price on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a report on Wednesday, December 11th. Finally, Raymond James lowered L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and an average price target of $271.07.

Insider Activity

In other news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.62, for a total value of $394,465.68. Following the completion of the sale, the insider now directly owns 8,576 shares in the company, valued at $1,917,765.12. This represents a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 7,889 shares of company stock valued at $1,800,572 over the last three months. Insiders own 0.82% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.