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NYSE:LHX

L3Harris Technologies (LHX) Stock Price, News & Analysis

$229.71
0.00 (0.00%)
(As of 09/18/2024 ET)

About L3Harris Technologies Stock (NYSE:LHX)

Key Stats

Today's Range
$228.45
$232.03
50-Day Range
$224.78
$243.12
52-Week Range
$160.25
$245.60
Volume
562,168 shs
Average Volume
943,787 shs
Market Capitalization
$43.57 billion
P/E Ratio
37.29
Dividend Yield
2.02%
Price Target
$247.08
Consensus Rating
Moderate Buy

Company Overview

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.

L3Harris Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 93rd Percentile

L3Harris Technologies scored higher than 93% of companies evaluated by MarketBeat, and ranked 3rd out of 46 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    L3Harris Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    L3Harris Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about L3Harris Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for L3Harris Technologies are expected to grow by 9.42% in the coming year, from $13.06 to $14.29 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of L3Harris Technologies is 37.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of L3Harris Technologies is 37.29, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 23.58.

  • Price to Earnings Growth Ratio

    L3Harris Technologies has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    L3Harris Technologies has a P/B Ratio of 2.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about L3Harris Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    0.54% of the float of L3Harris Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    L3Harris Technologies has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in L3Harris Technologies has recently decreased by 9.65%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    L3Harris Technologies pays a meaningful dividend of 2.02%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    L3Harris Technologies has been increasing its dividend for 23 years.

  • Dividend Coverage

    The dividend payout ratio of L3Harris Technologies is 75.32%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, L3Harris Technologies will have a dividend payout ratio of 32.47% next year. This indicates that L3Harris Technologies will be able to sustain or increase its dividend.

  • Read more about L3Harris Technologies' dividend.
  • Percentage of Shares Shorted

    0.54% of the float of L3Harris Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    L3Harris Technologies has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in L3Harris Technologies has recently decreased by 9.65%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    L3Harris Technologies has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for L3Harris Technologies this week, compared to 10 articles on an average week.
  • Search Interest

    18 people have searched for LHX on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.
  • MarketBeat Follows

    13 people have added L3Harris Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, L3Harris Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,861,855.00 in company stock.

  • Percentage Held by Insiders

    Only 0.82% of the stock of L3Harris Technologies is held by insiders.

  • Percentage Held by Institutions

    84.76% of the stock of L3Harris Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about L3Harris Technologies' insider trading history.

LHX Stock News Headlines

Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Least shorted S&P 500 stocks in August
See More Headlines

LHX Stock Analysis - Frequently Asked Questions

L3Harris Technologies' stock was trading at $210.62 at the beginning of the year. Since then, LHX shares have increased by 9.1% and is now trading at $229.71.
View the best growth stocks for 2024 here
.

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

L3Harris Technologies subsidiaries include L-3 Communications, Exelis, Core180 Inc., Carefx, Harris CapRock Communications, SignaCert, Patriot Technologies, and others.

L3Harris Technologies' top institutional investors 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
.

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.

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).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/20 Dividend
9/06/2024
Today
9/18/2024
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
+7.6%
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
$20.79 per share
Book Value
$99.34 per share

Miscellaneous

Free Float
188,125,000
Market Cap
$43.57 billion
Optionable
Optionable
Beta
0.73

Social Links

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

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.

L3Harris Technologies
Bull Case

green Wall Street bull icon

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.

L3Harris Technologies
Bear Case

red Wall Street bear icon

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.

This page (NYSE:LHX) was last updated on 9/18/2024 by MarketBeat.com Staff
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