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
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
48% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 94
24% more repeat investments, than reductions
Existing positions increased: 507 | Existing positions reduced: 408
10% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 11 (+1) [Q2]
4% more funds holding
Funds holding: 1,255 [Q1] → 1,300 (+45) [Q2]
5% more capital invested
Capital invested by funds: $34.5B [Q1] → $36.2B (+$1.63B) [Q2]
0.37% less ownership
Funds ownership: 85.27% [Q1] → 84.9% (-0.37%) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Truist Securities Michael Ciarmoli 72% 1-year accuracy 34 / 47 met price target | 20%upside $293 | Buy Maintained | 18 Oct 2024 |
Citigroup Jonathan Raviv 100% 1-year accuracy 2 / 2 met price target | 20%upside $291 | Buy Maintained | 10 Oct 2024 |
Wolfe Research Myles Walton 50% 1-year accuracy 2 / 4 met price target | 23%upside $300 | Outperform Upgraded | 10 Oct 2024 |
Deutsche Bank Scott Deuschle 86% 1-year accuracy 25 / 29 met price target | 3%upside $250 | Hold Maintained | 3 Oct 2024 |
RBC Capital Ken Herbert 80% 1-year accuracy 40 / 50 met price target | 1%downside $240 | Sector Perform Downgraded | 14 Aug 2024 |
Financial journalist opinion
Based on 18 articles about LHX published over the past 30 days