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.
L3Harris Technologies (NYSE:LHX) and Northrop Grumman (NYSE:NOC) are both large-cap aerospace companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, analyst recommendations, profitability, valuation, community ranking, risk, earnings and media sentiment.
84.8% of L3Harris Technologies shares are owned by institutional investors. Comparatively, 83.4% of Northrop Grumman shares are owned by institutional investors. 0.8% of L3Harris Technologies shares are owned by insiders. Comparatively, 0.2% of Northrop Grumman shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
In the previous week, L3Harris Technologies had 7 more articles in the media than Northrop Grumman. MarketBeat recorded 16 mentions for L3Harris Technologies and 9 mentions for Northrop Grumman. Northrop Grumman's average media sentiment score of 0.98 beat L3Harris Technologies' score of 0.78 indicating that Northrop Grumman is being referred to more favorably in the news media.
L3Harris Technologies pays an annual dividend of $4.64 per share and has a dividend yield of 2.1%. Northrop Grumman pays an annual dividend of $8.24 per share and has a dividend yield of 1.9%. 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 pays out 57.6% of its earnings in the form of a dividend.
L3Harris Technologies has a beta of 0.71, indicating that its stock price is 29% less volatile than the S&P 500. Comparatively, Northrop Grumman has a beta of 0.35, indicating that its stock price is 65% 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.
L3Harris Technologies has a net margin of 5.82% compared to Northrop Grumman's net margin of 5.38%. Northrop Grumman's return on equity of 24.09% beat L3Harris Technologies' return on equity.
L3Harris Technologies presently has a consensus target price of $231.80, suggesting a potential upside of 4.46%. Northrop Grumman has a consensus target price of $514.33, suggesting a potential upside of 16.88%. Given Northrop Grumman's higher probable upside, analysts clearly believe Northrop Grumman is more favorable than L3Harris Technologies.
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.
Summary
L3Harris Technologies beats Northrop Grumman on 11 of the 20 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.
Skip ChartThis 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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