L3Harris
About: L3Harris Technologies provides products primarily 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 used in the space industry and to propel munitions.
Employees: 47,000
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 171 | Existing positions closed: 110
15% more call options, than puts
Call options by funds: $106M | Put options by funds: $91.8M
3% more funds holding
Funds holding: 1,329 [Q3] → 1,365 (+36) [Q4]
1.65% more ownership
Funds ownership: 84.58% [Q3] → 86.23% (+1.65%) [Q4]
6% more repeat investments, than reductions
Existing positions increased: 514 | Existing positions reduced: 483
9% less capital invested
Capital invested by funds: $38.1B [Q3] → $34.7B (-$3.41B) [Q4]
42% less funds holding in top 10
Funds holding in top 10: 12 [Q3] → 7 (-5) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$226
3%
upside
Avg. target
$250
14%
upside
High target
$265
20%
upside
8 analyst ratings
6 positive
75%
2 neutral
25%
0 negative
0%
UBS Myles Walton 0% 1-year accuracy 0 / 3 met price target | 3%upside $226 | Neutral Maintained | 28 Apr 2025 |
Truist Securities Michael Ciarmoli 55% 1-year accuracy 43 / 78 met price target | 18%upside $260 | Buy Maintained | 25 Apr 2025 |
Goldman Sachs Noah Poponak 40% 1-year accuracy 8 / 20 met price target | 20%upside $263 | Buy Upgraded | 11 Apr 2025 |
Citigroup Jason Gursky 58% 1-year accuracy 23 / 40 met price target | 11%upside $245 | Buy Maintained | 10 Apr 2025 |
Wells Fargo Matthew Akers 58% 1-year accuracy 46 / 80 met price target | 10%upside $242 | Overweight Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 24 articles about LHX published over the past 30 days
Positive
Seeking Alpha
2 days ago
L3Harris Technologies: A Steady Course In A Changing World
L3Harris Technologies, a major defense contractor, has a strong order backlog of $34 billion and expects a revenue boost from expanding space and aviation programs. The company's flexible business model and strategic acquisitions, like Aerojet Rocketdyne, position it well in niche markets such as tactical communications and electronic warfare. Despite high competition and dependence on the US defense budget, L3Harris shows strong financials, with a 2024 net income of $1.502 billion and a 7% net margin.
Neutral
Business Wire
2 days ago
L3Harris to Present at Three Upcoming Investor Conferences
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) Chief Financial Officer and Aerojet Rocketdyne President Ken Bedingfield will present at Barclays Americas Select Franchise Conference in London at 8:30 a.m. local (3:30 a.m. ET) on Tuesday, May 6. The presentation will stream live on the L3Harris website, with a recording available after the event. Bedingfield will also present at the Wolfe Research Conference at 12:50 p.m. ET on Thursday, May 22, in New York City. The present.
Neutral
Seeking Alpha
4 days ago
L3Harris Technologies: Attractive Growth At A Discount
Despite a 2% stock price decline, L3Harris Technologies remains a buy due to its strong market position and better performance than the S&P 500. The company's diverse segments, particularly Communication Systems, show significant growth potential, with a focus on cyber, ISR, and hypersonics. First quarter earnings reveal mixed results, with overall sales down but profits growing, particularly in Communication Systems and Aerojet Rocketdyne.
Neutral
Seeking Alpha
6 days ago
L3Harris Technologies, Inc. (LHX) Q1 2025 Earnings Call Transcript
L3Harris Technologies, Inc. (NYSE:LHX ) Q1 2025 Earnings Conference Call April 24, 2025 10:30 AM ET Company Participants Dan Gittsovich – Vice President-Investor Relations Chris Kubasik – Chair and Chief Executive Officer Ken Bedingfield – Senior Vice President, Chief Financial Officer and President-Aerojet Rocketdyne Conference Call Participants Seth Seifman – J.P. Morgan Ronald Epstein – Bank of America Doug Harned – Bernstein Sheila Kahyaoglu – Jefferies Matt Akers – Wells Fargo Noah Poponak – Goldman Sachs Robert Stallard – Vertical Research Partners Myles Walton – Wolfe Research Jason Gursky – Citigroup Michael Ciarmoli – Truist Securities Peter Arment - Baird Operator Greetings.
Neutral
Zacks Investment Research
6 days ago
L3Harris Beats on Q1 Earnings, Lowers '25 Revenue View
LHX's Q1 revenues of $5.13 billion miss the Zacks Consensus Estimate by 1.9% and decline 1.5% year over year.
Positive
Zacks Investment Research
6 days ago
L3Harris (LHX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for L3Harris (LHX) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
6 days ago
L3Harris (LHX) Surpasses Q1 Earnings Estimates
L3Harris (LHX) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $3.06 per share a year ago.
Negative
Reuters
6 days ago
L3Harris cuts 2025 forecasts on aviation business divestiture
U.S. defense contractor L3Harris Technologies on Thursday cut its full-year profit and revenue forecasts after missing quarterly sales expectations, citing decreased volumes in its space unit and the divestment of its aviation solutions business.
Neutral
Business Wire
6 days ago
L3Harris Technologies Reports First Quarter 2025 Results, Updates 2025 Guidance
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reported first quarter 2025 diluted EPS of $2.04 on first quarter 2025 revenue of $5.1 billion. First quarter 2025 non-GAAP diluted EPS was $2.41. Reconciliations of non-GAAP results are detailed in tables beginning on page 10. "We're building on our momentum with a strong start to the year, driven by solid operational execution and program performance, leading to continued expansion in adjusted segment operating margin. We con.
Positive
Zacks Investment Research
1 week ago
Will Segmental Sales Bolster L3Harris Technologies' Q1 Earnings?
LHX's Q1 results are expected to reflect robust top-line performance from three of its four business segments.
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