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 better business? We will contrast the two businesses based on the strength of their community ranking, media sentiment, analyst recommendations, profitability, valuation, institutional ownership, dividends, risk and earnings.
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, Northrop Grumman had 6 more articles in the media than L3Harris Technologies. MarketBeat recorded 14 mentions for Northrop Grumman and 8 mentions for L3Harris Technologies. Northrop Grumman's average media sentiment score of 0.85 beat L3Harris Technologies' score of 0.59 indicating that L3Harris Technologies is being referred to more favorably in the news media.
Northrop Grumman has a beta of 0.34, suggesting that its share price is 66% less volatile than the S&P 500. Comparatively, L3Harris Technologies has a beta of 0.63, suggesting that its share price is 37% less volatile than the S&P 500.
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 presently has a consensus target price of $514.33, suggesting a potential upside of 15.21%. L3Harris Technologies has a consensus target price of $231.80, suggesting a potential upside of 5.70%. Given L3Harris Technologies' higher possible upside, equities research analysts clearly believe Northrop Grumman is more favorable than L3Harris Technologies.
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 pays an annual dividend of $8.24 per share and has a dividend yield of 1.8%. 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. Northrop Grumman has raised its dividend for 20 consecutive years and 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.
83.4% of Northrop Grumman shares are owned by institutional investors. Comparatively, 84.8% of L3Harris Technologies shares are owned by institutional investors. 0.2% of Northrop Grumman shares are owned by insiders. Comparatively, 0.8% of L3Harris Technologies shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
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.
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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