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L3Harris Technologies (LHX) Competitors

$221.01
-0.89 (-0.40%)
(As of 11:27 AM ET)

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.

L3Harris Technologies vs.

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Northrop Grumman$39.29B1.66$2.06B$14.3030.77
L3Harris Technologies$19.42B2.17$1.23B$6.1636.02

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.

Company Net Margins Return on Equity Return on Assets
Northrop Grumman5.38% 24.09% 7.88%
L3Harris Technologies 5.82%12.82%5.95%

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.

CompanyUnderperformOutperform
Northrop GrummanOutperform Votes
647
62.33%
Underperform Votes
391
37.67%
L3Harris TechnologiesOutperform Votes
149
62.87%
Underperform Votes
88
37.13%

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.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Northrop Grumman
7 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
L3Harris Technologies
11 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Northrop Grumman
1 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.27
L3Harris Technologies
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.79

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.

New MarketBeat Followers Over Time

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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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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LHX vs. The Competition

MetricL3Harris TechnologiesSearch & navigation equipment IndustryAerospace SectorNYSE Exchange
Market Cap$42.09B$13.37B$17.42B$17.62B
Dividend Yield2.09%1.92%1.40%3.57%
P/E Ratio36.0214.6016.5621.91
Price / Sales2.1736.8220.1614.02
Price / Cash10.8017.9621.6719.34
Price / Book2.2335.304.534.80
Net Income$1.23B$455.34M$441.59M$973.40M
7 Day Performance-2.12%9.67%-2.34%0.79%
1 Month Performance1.05%6.69%-3.63%0.82%
1 Year Performance17.66%18.22%15.98%11.00%

L3Harris Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOC
Northrop Grumman
4.3409 of 5 stars
$448.33
-0.2%
$514.33
+14.7%
-3.1%$66.35B$39.29B31.35101,000Positive News
GRMN
Garmin
3.8578 of 5 stars
$163.11
-0.1%
$156.83
-3.8%
+55.0%$31.33B$5.23B23.0119,900Positive News
TDY
Teledyne Technologies
3.82 of 5 stars
$395.40
+0.5%
$470.83
+19.1%
-0.7%$18.73B$5.64B21.3814,900Positive News
NXT
Nextracker
3.1556 of 5 stars
$53.80
-0.9%
$58.52
+8.8%
+38.1%$7.35B$2.50B16.011,050Positive News
Gap Up
DRS
Leonardo DRS
0.7821 of 5 stars
$23.65
flat
$25.25
+6.8%
+49.4%$6.22B$2.83B33.796,600
NN
NextNav
0.5773 of 5 stars
$7.55
-3.8%
N/A+172.9%$911.29M$3.86M-9.56111
LUNR
Intuitive Machines
2.851 of 5 stars
$4.90
-0.8%
$10.25
+109.2%
-48.9%$610.69M$79.52M11.95382
IPAX
Inflection Point Acquisition
0 of 5 stars
$4.90
-0.8%
N/A-48.9%$429.50MN/A0.001Gap Up
High Trading Volume
CODA
Coda Octopus Group
1.9704 of 5 stars
$6.54
-0.8%
$10.00
+52.9%
-34.5%$73.05M$19.35M31.1483Upcoming Earnings
MIND
MIND Technology
0 of 5 stars
$4.36
+5.1%
N/A-17.4%$6.15M$36.51M-1.66190High Trading Volume

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This page (NYSE:LHX) was last updated on 6/10/2024 by MarketBeat.com Staff

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