10 Best 3D Printing Stocks To Buy Right Now

5. L3Harris Technologies Inc. (NYSE:LHX)

Number of Hedge Fund Holders: 48

L3Harris Technologies, Inc. (NYSE:LHX) is a major American technology company noted for its expertise in surveillance systems, microwave weapons, and electronic warfare. The firm uses metal 3D printing to develop and manufacture metal alloy additive manufacturing parts for aerospace and defense propulsion and power systems.

L3Harris Technologies, Inc. (NYSE:LHX) posted fourth quarter revenues of $5.5 billion, in line with market forecasts, while adjusted profits per share came in at $3.47, higher than the average estimate of $3.42. However, despite beating forecasts, Citi analysts decreased the company’s price target to $285 but maintained a buy rating. Meanwhile, Bernstein analysts reiterated an Outperform rating and a $267 price target.

Late last year, L3Harris Technologies, Inc. (NYSE:LHX) delivered the first RL10 engine with an additively built copper thrust chamber to United Launch Alliance (ULA), a testament to the company’s capabilities in 3D printing and additive manufacturing. The most recent iteration, the RL10E-1, employs Additive Manufacturing to reduce the number of components in the thrust chamber by 98%. The engine will be used on a ULA Vulcan rocket this year.