LHX vs. NOC, GRMN, TDY, NXT, DRS, NN, LUNR, IPAX, CODA, and MIND
Should you be buying L3Harris Technologies stock or one of its competitors? The main competitors of L3Harris Technologies include Northrop Grumman (NOC), Garmin (GRMN), Teledyne Technologies (TDY), Nextracker (NXT), Leonardo DRS (DRS), NextNav (NN), Intuitive Machines (LUNR), Inflection Point Acquisition (IPAX), Coda Octopus Group (CODA), and MIND Technology (MIND). These companies are all part of the "search & navigation equipment" industry.
Northrop Grumman (NYSE:NOC) and L3Harris Technologies (NYSE:LHX) are both large-cap aerospace companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends, risk, media sentiment and community ranking.
Northrop Grumman has higher revenue and earnings than L3Harris Technologies. Northrop Grumman is trading at a lower price-to-earnings ratio than L3Harris Technologies, indicating that it is currently the more affordable of the two stocks.
Northrop Grumman has a beta of 0.35, meaning that its share price is 65% less volatile than the S&P 500. Comparatively, L3Harris Technologies has a beta of 0.71, meaning that its share price is 29% less volatile than the S&P 500.
83.4% of Northrop Grumman shares are held by institutional investors. Comparatively, 84.8% of L3Harris Technologies shares are held by institutional investors. 0.2% of Northrop Grumman shares are held by insiders. Comparatively, 0.9% of L3Harris Technologies shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
L3Harris Technologies has a net margin of 5.82% compared to L3Harris Technologies' net margin of 5.38%. L3Harris Technologies' return on equity of 24.09% beat Northrop Grumman's return on equity.
Northrop Grumman received 498 more outperform votes than L3Harris Technologies when rated by MarketBeat users. However, 62.87% of users gave L3Harris Technologies an outperform vote while only 62.33% of users gave Northrop Grumman an outperform vote.
In the previous week, L3Harris Technologies had 11 more articles in the media than Northrop Grumman. MarketBeat recorded 18 mentions for L3Harris Technologies and 7 mentions for Northrop Grumman. L3Harris Technologies' average media sentiment score of 1.46 beat Northrop Grumman's score of 0.82 indicating that Northrop Grumman is being referred to more favorably in the media.
Northrop Grumman currently has a consensus price target of $514.33, indicating a potential upside of 16.88%. L3Harris Technologies has a consensus price target of $231.80, indicating a potential upside of 4.46%. Given L3Harris Technologies' higher possible upside, analysts clearly believe Northrop Grumman is more favorable than L3Harris Technologies.
Northrop Grumman pays an annual dividend of $8.24 per share and has a dividend yield of 1.9%. L3Harris Technologies pays an annual dividend of $4.64 per share and has a dividend yield of 2.1%. Northrop Grumman pays out 57.6% of its earnings in the form of a dividend. L3Harris Technologies pays out 75.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. L3Harris Technologies has raised its dividend for 23 consecutive years. L3Harris Technologies is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Summary
L3Harris Technologies beats Northrop Grumman on 12 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding LHX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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