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L3Harris Technologies (LHX) Competitors

$221.90
-0.14 (-0.06%)
(As of 06/7/2024 ET)

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 vs.

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.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
L3Harris Technologies
9 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Northrop Grumman
9 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
L3Harris Technologies$19.42B2.17$1.23B$6.1636.02
Northrop Grumman$39.29B1.66$2.06B$14.3030.77

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.

Company Net Margins Return on Equity Return on Assets
L3Harris Technologies5.82% 12.82% 5.95%
Northrop Grumman 5.38%24.09%7.88%

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.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
L3Harris Technologies
0 Sell rating(s)
3 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.79
Northrop Grumman
1 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.27

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.

CompanyUnderperformOutperform
L3Harris TechnologiesOutperform Votes
149
62.87%
Underperform Votes
88
37.13%
Northrop GrummanOutperform Votes
647
62.33%
Underperform Votes
391
37.67%

Summary

L3Harris Technologies beats Northrop Grumman on 11 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

This 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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LHX vs. The Competition

MetricL3Harris TechnologiesSearch & navigation equipment IndustryAerospace SectorNYSE Exchange
Market Cap$42.09B$14.43B$17.42B$17.73B
Dividend Yield2.09%1.91%1.40%3.55%
P/E Ratio36.0215.7215.6822.44
Price / Sales2.1737.9519.3014.38
Price / Cash10.8015.8821.4220.21
Price / Book2.2327.844.524.99
Net Income$1.23B$455.34M$441.59M$975.94M
7 Day Performance-1.30%-0.68%-2.74%-1.87%
1 Month Performance2.79%-2.51%-3.71%-0.74%
1 Year Performance17.26%11.81%15.75%8.66%

L3Harris Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOC
Northrop Grumman
4.2827 of 5 stars
$448.33
-0.2%
$514.33
+14.7%
-2.9%$66.35B$39.29B31.35101,000
GRMN
Garmin
3.8237 of 5 stars
$163.11
-0.1%
$156.83
-3.8%
+54.1%$31.33B$5.23B23.0119,900Analyst Upgrade
Insider Selling
TDY
Teledyne Technologies
3.9498 of 5 stars
$395.40
+0.5%
$470.83
+19.1%
-2.2%$18.73B$5.64B21.3814,900Positive News
NXT
Nextracker
3.3012 of 5 stars
$53.80
-0.9%
$58.52
+8.8%
+37.2%$7.35B$2.50B16.011,050Positive News
Gap Down
DRS
Leonardo DRS
0.741 of 5 stars
$23.65
flat
$25.25
+6.8%
+51.1%$6.22B$2.83B33.796,600Analyst Forecast
NN
NextNav
0.5549 of 5 stars
$7.55
-3.8%
N/A+168.0%$911.29M$3.86M-9.56111
LUNR
Intuitive Machines
2.8654 of 5 stars
$4.90
-0.8%
$10.25
+109.2%
-42.4%$610.69M$79.52M11.95382
IPAX
Inflection Point Acquisition
0 of 5 stars
$4.90
-0.8%
N/A-42.4%$429.50MN/A0.001High Trading Volume
CODA
Coda Octopus Group
1.9336 of 5 stars
$6.54
-0.8%
$10.00
+52.9%
-32.9%$73.05M$19.35M31.1483Upcoming Earnings
MIND
MIND Technology
0 of 5 stars
$4.36
+5.1%
N/A-13.5%$6.15M$36.51M-1.66190Upcoming Earnings
High Trading Volume

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This page (NYSE:LHX) was last updated on 6/8/2024 by MarketBeat.com Staff

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