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NYSE:LHX

L3Harris Technologies (LHX) Stock Price, News & Analysis

$252.81
+8.64 (+3.54%)
(As of 10/25/2024 ET)

About L3Harris Technologies Stock (NYSE:LHX)

Key Stats

Today's Range
$252.00
$258.89
50-Day Range
$227.01
$252.66
52-Week Range
$169.55
$258.89
Volume
1.62 million shs
Average Volume
626,107 shs
Market Capitalization
$47.96 billion
P/E Ratio
40.45
Dividend Yield
1.84%
Price Target
$256.71
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
90th Percentile Overall Score

LHX MarketRank™: 

L3Harris Technologies scored higher than 90% of companies evaluated by MarketBeat, and ranked 4th 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 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    L3Harris Technologies has been the subject of 9 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 40.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.42.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of L3Harris Technologies is 40.45, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 30.54.

  • Price to Earnings Growth Ratio

    L3Harris Technologies has a PEG Ratio of 2.10. 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 2.54. 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

    0.99% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in L3Harris Technologies has recently increased by 66.96%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    L3Harris Technologies pays a meaningful dividend of 1.89%, 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 74.24%. This payout ratio is at a healthy, sustainable level, below 75%.

  • 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

    0.99% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in L3Harris Technologies has recently increased by 66.96%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    L3Harris Technologies has a news sentiment score of 0.71. 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 0.56 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 29 news articles for L3Harris Technologies this week, compared to 11 articles on an average week.
  • Search Interest

    21 people have searched for LHX on MarketBeat in the last 30 days. This is an increase of 62% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added L3Harris Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 60% 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 $1,438,304.00 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

Q3 2024 L3Harris Technologies Inc Earnings Call Transcript
This man predicted today’s most valuable companies more than a decade ago.
How could it be that one analyst called the rise of Apple, Microsoft, Nvidia, and many of today’s best performing stocks more than a decade ago? Some might say it was luck… Others will say he was in the right place at the right time. But looking back, this analyst has made some incredible calls over his career… In fact, right now, he’s the #1 ranked stock picker in North America… To earn that title he’s beat out more than 16,000 stock market professionals. So how does one man accomplish all that? If you were to ask him, he’d give the credit to his stock rating system…. A system that has a history of predicting which stocks could soon rise by 100% or more…
L3Harris Technologies, Inc. Q3 Profit Increases, Beats Estimates
See More Headlines

LHX Stock Analysis - Frequently Asked Questions

L3Harris Technologies' stock was trading at $210.62 on January 1st, 2024. Since then, LHX shares have increased by 20.0% and is now trading at $252.81.
View the best growth stocks for 2024 here
.

L3Harris Technologies, Inc. (NYSE:LHX) released its quarterly earnings data on Thursday, October, 24th. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.27 by $0.07. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year.
Read the conference call transcript
.

L3Harris Technologies subsidiaries include these companies: L-3 Communications, Exelis, Core180 Inc., Carefx, Harris CapRock Communications, SignaCert, Patriot Technologies, and more.

Top institutional shareholders of L3Harris Technologies include Allspring Global Investments Holdings LLC (1.08%), Raymond James & Associates (0.52%), International Assets Investment Management LLC (0.09%) and New York State Teachers Retirement System (0.08%). Insiders that own company stock include Christopher E Kubasik, Scott T Mikuen, Edward J Zoiss, Dana A Mehnert, Sean J Stackley, Ross Niebergall, 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), Pfizer (PFE), JPMorgan Chase & Co. (JPM), Home Depot (HD), Meta Platforms (META), Intel (INTC) and Chevron (CVX).

Company Calendar

Ex-Dividend for 9/20 Dividend
9/06/2024
Dividend Payable
9/20/2024
Last Earnings
10/24/2024
Today
10/26/2024
Ex-Dividend for 12/6 Dividend
11/18/2024
Dividend Payable
12/06/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

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
$256.71
High Stock Price Target
$300.00
Low Stock Price Target
$216.00
Potential Upside/Downside
+1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
5.57%

Debt

Sales & Book Value

Annual Sales
$19.42 billion
Cash Flow
$21.21 per share
Book Value
$99.34 per share

Miscellaneous

Free Float
188,149,000
Market Cap
$47.96 billion
Optionable
Optionable
Beta
0.73

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This page (NYSE:LHX) was last updated on 10/26/2024 by MarketBeat.com Staff
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