Goldman Sachs has taken a fresh stance on $LHX, upgrading the stock from “Sell” to “Buy” and bumping its price target to $263. The sharp pivot highlights a growing confidence in L3Harris’s strategic alignment with high-growth segments of the defense budget, particularly in command, control, communications, computers, and intelligence (C4I).
A key driver behind the upgrade is the company’s move to streamline operations by divesting its Commercial Aviation Solutions segment for $800 million. This transition sharpens L3Harris’s focus on its defense core and enhances its ability to deliver innovative, adaptable solutions across military and government contracts.
Financially, $LHX holds strong footing with solid margins and consistent revenue growth. Its valuation appears attractive relative to the broader aerospace and defense sector, which makes this an opportune time for Goldman to turn bullish.
📌 Annual Dividend: $4.80 per share
📌 Dividend Yield: ~2.16%
📌 Payout Ratio: 32.86%
📌 Dividend Growth Streak: 24 consecutive years
📌 Ex-Dividend Date: February 14, 2025
📌 Next Dividend Payment: Expected in June 2025
For long-term investors, $LHX offers a compelling blend of strategic realignment, sector momentum, and steady dividend income. As global defense spending shifts toward tech-forward capabilities, L3Harris appears poised to benefit—not just from budgets, but also from investor attention.