LHX:NYSEL3Harris Technologies, Inc. Analysis

L3Harris (LHX) is trading at $371.26, just shy of its 52‑week high of $379.23, and sits comfortably above its 20‑day ($355.91), 50‑day ($342.17) and 200‑day ($291.29) SMAs, signaling a strong bullish trend. The RSI at 60.5 and a bullish MACD crossover (histogram +0.51) together with rising volume underscore continued upward momentum, while the stock currently respects a support zone near $329.28 and faces resistance around $379.23, offering a modest upside of roughly 4.5% per the DCF model. Recent material news – a $400 M THAAD interceptor contract and the appointment of Kenneth Sharp as CFO – adds concrete demand‑side catalysts that could sustain price appreciation in the near term.
Fundamentally, LHX posted $21.87 B in revenue with 2.3% YoY growth, solid operating (12.9%) and profit margins (7.3%), and generates robust free cash flow (~$2.73 B). The company pays a 1.35% dividend with a 56% payout ratio, suggesting dividend sustainability, but its forward PE of 27.3 and trailing PE of 43.5 are well above the industry average of 29.5, and a DCF fair value of $164.85 points to significant overvaluation despite strong cash generation and defensive sector tailwinds.