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NYSE:LHX

L3Harris Technologies (LHX) Stock Price, News & Analysis

$230.05
+0.41 (+0.18%)
(As of 08/21/2024 ET)
Today's Range
$228.08
$230.55
50-Day Range
$217.47
$243.12
52-Week Range
$160.25
$245.60
Volume
372,295 shs
Average Volume
979,127 shs
Market Capitalization
$43.64 billion
P/E Ratio
37.35
Dividend Yield
2.02%
Price Target
$244.43

L3Harris Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
6.3% Upside
$244.43 Price Target
Short Interest
Healthy
0.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.67
Upright™ Environmental Score
News Sentiment
0.66mentions of L3Harris Technologies in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$24.71 M Sold Last Quarter
Proj. Earnings Growth
9.74%
From $13.04 to $14.31 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.

4.44 out of 5 stars

Aerospace Sector

3rd out of 46 stocks

Search & Navigation Equipment Industry

1st out of 10 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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Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance (LHX)
Leading aerospace and defense contractor RTX Co. (NYSE: RTX) shares surged to new 52-week highs after reporting robust Q2 2024 earnings.
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
L3Harris Technologies, Inc. (HRS.DE)
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
L3Harris Announces 2030 Sustainability Goals
The Top 3 Space Stocks to Buy Now: Summer 2024
See More 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
Today
8/21/2024
Ex-Dividend for 9/20 Dividend
9/06/2024
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
$244.43
High Stock Price Target
$270.00
Low Stock Price Target
$210.00
Potential Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
5.57%

Debt

Sales & Book Value

Annual Sales
$20.77 billion
Cash Flow
$20.63 per share
Book Value
$99.65 per share

Miscellaneous

Free Float
188,125,000
Market Cap
$43.64 billion
Optionable
Optionable
Beta
0.72

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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.:

  • Strong Analyst Recommendations: Multiple analysts have given L3Harris Technologies an "overweight" or "outperform" rating, with increased price targets, indicating positive sentiment towards the company's future performance.
  • Insider Ownership: Company insiders own a significant percentage of the company's stock, aligning their interests with shareholders and potentially signaling confidence in the company's growth prospects.
  • Recent Insider Transactions: Insiders have sold shares of company stock, but the chief executive officer still holds a substantial number of shares, suggesting continued belief in the company's potential.
  • Institutional Support: A significant portion of the company's stock is owned by institutional investors and hedge funds, indicating confidence from large financial entities in L3Harris Technologies.
  • Market Analyst Consensus: MarketBeat data shows that L3Harris Technologies has an average rating of "Moderate Buy" with a consensus price target above the current stock price, implying potential upside for investors.

Cons

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

  • Recent Insider Selling: Insiders have sold a significant number of shares in the last 90 days, which could raise concerns about their outlook on the company's future performance.
  • High Insider Ownership: While insider ownership can be positive, the fact that insiders own a substantial percentage of the company's stock may lead to concerns about potential conflicts of interest or lack of diversification.
  • Market Volatility: The stock market can be volatile, and factors such as geopolitical events or economic conditions could impact the stock price of L3Harris Technologies, leading to potential investment risks.
  • Competitive Industry: L3Harris Technologies operates in a competitive industry where technological advancements and market dynamics can quickly change, posing challenges for sustained growth and profitability.
  • Investment Risks: All investments come with inherent risks, and investors should carefully consider their risk tolerance and conduct thorough research before making investment decisions in L3Harris Technologies.
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 Sunday, August 11, 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 start of the year. Since then, LHX stock has increased by 9.2% and is now trading at $230.05.
View the best growth stocks for 2024 here
.

How were L3Harris Technologies' earnings last quarter?

L3Harris Technologies, Inc. (NYSE:LHX) issued its quarterly earnings results on Thursday, July, 25th. The company reported $3.24 EPS for the quarter, beating analysts' consensus estimates of $3.18 by $0.06. The firm's quarterly revenue was up 12.9% on a year-over-year basis.
Read the conference call transcript
.

What is Bill Brown's approval rating as L3Harris Technologies' CEO?

291 employees have rated L3Harris Technologies Chief Executive Officer Bill Brown on Glassdoor.com. Bill Brown has an approval rating of 60% among the company's employees. This puts Bill Brown in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Does L3Harris Technologies have any subsidiaries?

L3Harris Technologies subsidiaries include these companies: 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%), Allspring Global Investments Holdings LLC (1.06%), Diamond Hill Capital Management Inc. (0.79%) and Massachusetts Financial Services Co. MA (0.77%). Insiders that own company stock include Christopher E Kubasik, Scott T Mikuen, Edward J Zoiss, Dana A Mehnert, Sean J Stackley, James P Girard, William H Swanson, William M Brown 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 8/22/2024 by MarketBeat.com Staff

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