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L3Harris Technologies Inc. (NYSE:LHX) stock, with a market capitalization of $52.2 billion, reached a significant milestone by hitting an all-time high of $280.1. This achievement reflects a robust 23.08% increase over the past year, with an even more impressive 33.7% gain year-to-date, underscoring the company’s strong performance and investor confidence. The company has maintained dividend payments for 55 consecutive years, currently yielding 1.73%. The stock’s impressive upward trajectory highlights its resilience and growth potential in the competitive technology and defense sectors. However, InvestingPro analysis indicates the stock may be in overbought territory, suggesting investors should monitor technical indicators carefully. As L3Harris continues to innovate and expand its market presence, its stock performance remains a focal point for investors seeking stability and growth in their portfolios. For deeper insights and 14 additional expert tips, explore the comprehensive analysis available on InvestingPro.
In other recent news, L3Harris Technologies reported robust earnings for the second quarter of 2025, with adjusted earnings per share reaching $2.78, surpassing the consensus estimate of $2.49. The company’s revenue also exceeded expectations, totaling $5.43 billion against the anticipated $5.31 billion. This strong financial performance has led analysts to adjust their outlooks, with Bernstein raising its price target for L3Harris to $324 from $286 and maintaining an Outperform rating. Similarly, RBC Capital increased its price target to $280 from $265, while maintaining a Sector Perform rating, citing the company’s impressive 6% organic growth and a book-to-bill ratio of 1.5x.
In addition to its financial achievements, L3Harris has entered a collaboration with Joby Aviation (NYSE:JOBY) to develop a new hybrid aircraft for defense applications. This partnership focuses on creating a gas turbine hybrid vertical take-off and landing aircraft, which will be capable of both crewed and autonomous operations. Flight testing is anticipated to begin in fall 2025, with operational demonstrations planned for government exercises in 2026. These developments underscore L3Harris’s strategic initiatives and strong market position.
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