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NYSE:LHX

L3Harris Technologies (LHX) Stock Price, News & Analysis

$231.46
+1.69 (+0.74%)
(As of 03:38 PM ET)
Today's Range
$229.61
$234.28
50-Day Range
$224.78
$243.12
52-Week Range
$160.25
$245.60
Volume
304,935 shs
Average Volume
947,059 shs
Market Capitalization
$43.90 billion
P/E Ratio
37.57
Dividend Yield
2.00%
Price Target
$247.08

L3Harris Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
7.0% Upside
$247.08 Price Target
Short Interest
Healthy
0.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.67
Upright™ Environmental Score
News Sentiment
0.90mentions of L3Harris Technologies in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$7.59 M Sold Last Quarter
Proj. Earnings Growth
9.42%
From $13.06 to $14.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Aerospace Sector

2nd out of 44 stocks

Search & Navigation Equipment Industry

2nd out of 9 stocks

LHX stock logo

About L3Harris Technologies Stock (NYSE:LHX)

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mission avionics; electronic warfare systems; and mission networks systems for air traffic management operations. The company's Communication Systems segment provides broadband communications; tactical radios, software, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; integrated vision solutions, including helmet-mounted integrated night vision goggles with leading-edge image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. Its Aerojet Rocketdyne segment provides propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security, and space and exploration missions. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is based in Melbourne, Florida.

LHX Stock Price History

LHX Stock News Headlines

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Company Calendar

Ex-Dividend for 6/18 Dividend
6/04/2024
Dividend Payable
6/18/2024
Last Earnings
7/25/2024
Ex-Dividend for 9/20 Dividend
9/06/2024
Today
9/16/2024
Dividend Payable
9/20/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Search & navigation equipment
Sub-Industry
Electronic Equipment
Employees
50,000
Year Founded
1895

Price Target and Rating

Average Stock Price Target
$247.08
High Stock Price Target
$270.00
Low Stock Price Target
$216.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
5.57%

Debt

Sales & Book Value

Annual Sales
$20.77 billion
Cash Flow
$20.99 per share
Book Value
$99.34 per share

Miscellaneous

Free Float
188,125,000
Market Cap
$44.00 billion
Optionable
Optionable
Beta
0.73

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Should I Buy L3Harris Technologies Stock? LHX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in L3Harris Technologies, Inc.:

  • L3Harris Technologies, Inc. has shown consistent insider selling activity, indicating confidence in the company's future prospects. This can be a positive signal for investors.
  • Recent analyst ratings have been mostly positive, with an average rating of "Moderate Buy" and a consensus price target of $247.08, suggesting potential upside in the stock.
  • L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide, positioning the company in a stable and essential market sector.
  • The company's CEO and VP have recently sold shares at prices above $200, showcasing strong valuation and potential growth expectations.
  • Financial terms like "overweight" and "outperform" used by analysts indicate positive sentiments towards the stock's performance and growth potential.

Cons

Investors should be bearish about investing in L3Harris Technologies, Inc. for these reasons:

  • Insiders have sold a significant number of shares in the last three months, totaling over $19 million, which could raise concerns about future performance or market sentiment.
  • Some analysts have downgraded their ratings on L3Harris Technologies, Inc., indicating potential risks or challenges ahead for the company.
  • Price targets from analysts have been revised downwards, suggesting a possible lack of short-term growth opportunities or market challenges for the company.
  • Recent insider selling activities, including by the CEO and VP, may raise questions about the company's internal outlook or future growth potential.
  • Market conditions or industry trends could impact the demand for L3Harris Technologies, Inc.'s products and services, affecting the company's revenue and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 9, 2024. Please send any questions or comments about these L3Harris Technologies pros and cons to contact@marketbeat.com.

LHX Stock Analysis - Frequently Asked Questions

How have LHX shares performed this year?

L3Harris Technologies' stock was trading at $210.62 at the beginning of 2024. Since then, LHX stock has increased by 9.6% and is now trading at $230.85.
View the best growth stocks for 2024 here
.

How were L3Harris Technologies' earnings last quarter?

L3Harris Technologies, Inc. (NYSE:LHX) issued its quarterly earnings data on Thursday, July, 25th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.06. L3Harris Technologies's quarterly revenue was up 12.9% compared to the same quarter last year.
Read the conference call transcript
.

Does L3Harris Technologies have any subsidiaries?

The following companies are subsidiaries of L3Harris Technologies: L-3 Communications, Exelis, Core180 Inc., Carefx, Harris CapRock Communications, SignaCert, Patriot Technologies, and more.

Who are L3Harris Technologies' major shareholders?

Top institutional investors of L3Harris Technologies include Bank of New York Mellon Corp (1.67%), Clearbridge Investments LLC (1.16%), Allspring Global Investments Holdings LLC (1.06%) and Diamond Hill Capital Management Inc. (0.79%). Insiders that own company stock include Christopher E Kubasik, Scott T Mikuen, Edward J Zoiss, Dana A Mehnert, Ross Niebergall, Sean J Stackley, James P Girard, William H Swanson and Todd W Gautier.
View institutional ownership trends
.

How do I buy shares of L3Harris Technologies?

Shares of LHX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of L3Harris Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that L3Harris Technologies investors own include NVIDIA (NVDA), Walt Disney (DIS), Visa (V), Home Depot (HD), AbbVie (ABBV), Walmart (WMT) and Johnson & Johnson (JNJ).

This page (NYSE:LHX) was last updated on 9/16/2024 by MarketBeat.com Staff

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