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L3Harris Technologies (LHX) Stock Price, News & Analysis

$223.25
+0.14 (+0.06%)
(As of 05/24/2024 ET)
Today's Range
$222.27
$224.17
50-Day Range
$200.41
$225.31
52-Week Range
$160.25
$225.90
Volume
426,847 shs
Average Volume
890,691 shs
Market Capitalization
$42.35 billion
P/E Ratio
36.24
Dividend Yield
2.08%
Price Target
$231.80

L3Harris Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
3.8% Upside
$231.80 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.65
Upright™ Environmental Score
News Sentiment
1.09mentions of L3Harris Technologies in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$15.89 M Sold Last Quarter
Proj. Earnings Growth
10.22%
From $12.92 to $14.24 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.

4.47 out of 5 stars

Aerospace Sector

1st out of 43 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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The world’s largest aerospace and defense company, Raytheon Technologies Co. (NYSE: RTX), shares have launched to new 52-week highs. A $95 billion foreign
L3Harris Technologies Inc.
L3Harris: Q1 Beat And Raise Confirms Top Pick
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See More Headlines
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Company Calendar

Ex-Dividend for 3/22 Dividend
3/07/2024
Dividend Payable
3/22/2024
Last Earnings
4/25/2024
Today
5/26/2024
Ex-Dividend for 6/18 Dividend
6/04/2024
Dividend Payable
6/18/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Search & navigation equipment
Sub-Industry
N/A
Employees
50,000
Year Founded
1895

Price Target and Rating

Average Stock Price Target
$231.80
High Stock Price Target
$250.00
Low Stock Price Target
$164.00
Potential Upside/Downside
+3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
5.65%

Debt

Sales & Book Value

Annual Sales
$19.42 billion
Cash Flow
$20.56 per share
Book Value
$98.75 per share

Miscellaneous

Free Float
188,125,000
Market Cap
$42.35 billion
Optionable
Optionable
Beta
0.63

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Key Executives


LHX Stock Analysis - Frequently Asked Questions

Should I buy or sell L3Harris Technologies stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for L3Harris Technologies in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LHX shares.
View LHX analyst ratings
or view top-rated stocks.

What is L3Harris Technologies' stock price target for 2024?

14 brokerages have issued 1-year price targets for L3Harris Technologies' stock. Their LHX share price targets range from $164.00 to $250.00. On average, they expect the company's share price to reach $231.80 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for LHX
or view top-rated stocks among Wall Street analysts.

How have LHX shares performed in 2024?

L3Harris Technologies' stock was trading at $210.62 on January 1st, 2024. Since then, LHX shares have increased by 6.0% and is now trading at $223.25.
View the best growth stocks for 2024 here
.

Are investors shorting L3Harris Technologies?

L3Harris Technologies saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,590,000 shares, a decline of 12.2% from the April 15th total of 1,810,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the company's stock are sold short.
View L3Harris Technologies' Short Interest
.

When is L3Harris Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our LHX earnings forecast
.

How were L3Harris Technologies' earnings last quarter?

L3Harris Technologies, Inc. (NYSE:LHX) released its quarterly earnings results on Thursday, April, 25th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.17. The business earned $5.21 billion during the quarter, compared to analysts' expectations of $5.11 billion. L3Harris Technologies had a net margin of 5.82% and a trailing twelve-month return on equity of 12.82%. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.86 EPS.
Read the conference call transcript
.

How often does L3Harris Technologies pay dividends? What is the dividend yield for L3Harris Technologies?

L3Harris Technologies announced a quarterly dividend on Friday, April 19th. Investors of record on Tuesday, June 4th will be given a dividend of $1.16 per share on Tuesday, June 18th. This represents a $4.64 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, June 4th.
Read our dividend analysis for LHX
.

Is L3Harris Technologies a good dividend stock?

L3Harris Technologies (NYSE:LHX) pays an annual dividend of $4.64 per share and currently has a dividend yield of 2.08%. The company has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 75.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LHX will have a dividend payout ratio of 32.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LHX.

What guidance has L3Harris Technologies issued on next quarter's earnings?

L3Harris Technologies updated its FY 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of 12.700-13.050 for the period, compared to the consensus EPS estimate of 12.710. The company issued revenue guidance of $20.8 billion-$21.3 billion, compared to the consensus revenue estimate of $21.2 billion.

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.

What other stocks do shareholders of L3Harris Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other L3Harris Technologies investors own include NVIDIA (NVDA), Walt Disney (DIS), Visa (V), Home Depot (HD), AbbVie (ABBV), Walmart (WMT), Johnson & Johnson (JNJ), Salesforce (CRM), AT&T (T) and UnitedHealth Group (UNH).

Who are L3Harris Technologies' major shareholders?

L3Harris Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.02%), Capital World Investors (6.07%), Price T Rowe Associates Inc. MD (5.08%), Bank of New York Mellon Corp (1.39%), Clearbridge Investments LLC (1.18%) and Allspring Global Investments Holdings LLC (1.11%). Insiders that own company stock include Christopher E Kubasik, Dana A Mehnert, Edward J Zoiss, James P Girard, Scott T Mikuen, Thomas A Corcoran, Todd A Taylor, Todd W Gautier, William H Swanson, William M Brown and William M Brown.
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.

Does L3Harris Technologies have any subsidiaries?
The following companies are subsidiares of L3Harris Technologies: 1231670 Ontario Inc, ASV Global LLC, Aastra Digital Video, AeroElite Limited, Aerosim Academy Inc, Aerosim Technologies Inc, Applied Defense Solutions Inc, Applied Kilovolts Limited, Asian Aviation Training Centre Ltd, Audio Broadcast Group Inc, Autonomous Surface Vehicles LLC, Autonomous Surface Vehicles Limited, Aviation Communication & Surveillance Systems LLC, Aydin Yazilim ve Elektronik Sanayi AS, Azimuth Security LLC, Azimuth Security Pty Ltd, Azimuth Security Trust, Beijing MAPPS-SERI Technology Company Ltd, CHOICE Microsystems Inc, CK Industrial Engineers Limited, CR MSA LLC, CTC Aviation Training (UK) Limited, Calzoni Srl, Carefx, Core180 Inc., Crucial Security, DMRAC-Aviation Corporation - SGPS Unipessoal LDA, Defence Investments Limited, EAA – Escola de Aviacao Aerocondor SA, EDO (UK) Ltd, EDO MBM Technology Ltd, EDO Western Corporation, EMC Srl, Eagle Technology LLC, ElectroDynamics Inc, Encoda Systems Holdings Inc, Exelis, Exelis Arctic Services, Exelis Australia Holdings Pty Ltd, Exelis Australia Pty Ltd, Exelis Holdings Inc, Exigent International Inc, Felec Services Inc, Flight Data Services Limited, ForceX Inc, G Air Advanced Training Lda, G Air II Maintenance Lda, G4U – Gestao de Activos Aeronauticos Sociedade Lda, Hamilton BioVentures LP, Harris Asia Pacific Sdn Bhd, Harris Atlas Systems LLC, Harris C4i Pty Ltd, Harris Canada Systems Inc, Harris CapRock Communications, Harris Cayman Ltd, Harris Communications (Australia) Pty Ltd, Harris Communications (Spain) S L, Harris Communications FZCO, Harris Communications GmbH, Harris Communications Limited, Harris Communications MH Spain S L, Harris Communications Malaysia Sdn Bhd, Harris Communications Pakistan (Private) Limited, Harris Communications Systems India Private Limited, Harris Comunicacoes e Participacoes do Brasil Ltda, Harris Defence Ltd, Harris Denmark ApS, Harris Denmark Holding ApS, Harris Geospatial Solutions BV, Harris Geospatial Solutions France SARL, Harris Geospatial Solutions GmbH, Harris Geospatial Solutions Inc, Harris Geospatial Solutions Italia SRL, Harris Geospatial Solutions KK, Harris Geospatial Solutions UK Limited, Harris Global Communications Inc, Harris Holdco LLC, Harris International Chile Limitada, Harris International Holdings LLC, Harris International Inc, Harris International Saudi Communications, Harris International Venezuela CA, Harris Luxembourg Sarl, Harris NV, Harris Orthogon GmbH, Harris Pension Management Limited, Harris Solid-State (Malaysia) Sdn Bhd, Harris Systems Limited, Hirschmann Multimedia Communications Networks, Honeywell TCAS Inc, ImageLinks Inc, Intraplex Inc, Jariet Technologies, L-3 Brasil Importacao Exportacao e Comércio Ltda, L-3 Communications, L-3 Communications Integrated Systems LP, L-3 Communications Investments Inc, L-3 Communications Korea Co Ltd, L-3 Communications Limited, L-3 Communications UK Ltd, L-3 Domestic Holdings Inc, L-3 Global Holding UK Ltd, L-3 International UK Ltd, L-3 Security Equipment Trading (Beijing) Co Ltd, L-3 Societa Srl, L-3 Technology & Services UK Ltd, L-Tres Comunicaciones Costa Rica SA, L3 Applied Technologies Inc, L3 Australia Group Pty Ltd, L3 Aviation Products Inc, L3 CTS Airline Academy (NZ) Limited, L3 CTS Airline and Academy Training Limited, L3 Cincinnati Electronics Corporation, L3 Commercial Training Solutions Limited, L3 Doss Aviation Inc, L3 ESSCO Inc, L3 Electron Devices Inc, L3 Foreign Holdings Inc, L3 Fuzing and Ordnance Systems Inc, L3 International Australia Pty Ltd, L3 Investments LLC, L3 Investments UK Holdings Ltd, L3 Kenya LTD, L3 Kigre Inc, L3 Latitude LLC, L3 MAPPS INC, L3 MAPPS Limited, L3 MAPPS Sdn Bhd, L3 Magnet-Motor GmbH, L3 Micreo Pty Limited, L3 Oceania Pty Limited, L3 Open Water Power Inc, L3 Security and Detection Systems Inc, L3 Technologies Australia Group Pty Ltd, L3 Technologies Canada Group Inc, L3 Technologies Canada Inc, L3 Technologies Inc, L3 Technologies Investments Limited, L3 Technologies MAS Inc, L3 Technologies UK Group Ltd, L3 Unidyne Inc, L3 Unmanned Systems Inc, L3 Westwood Corporation, L3Harris Technologies, Leitch Technology Corporation, Linchpin Labs Limited, Linchpin Labs Pty Limited, Louth Automation, MacDonald Humfrey (Automation) SEA PTE Ltd, MacDonald Humfrey Automation Middle East Control Systems LLC, Manatee Investment LLC, Manu Kai LLC, Melbourne Leasing LLC, Multimax Inc, Mustang Technology Group LP, Narda Safety Test Solutions Srl, NexGen Communications LLC, Northeast Broadcast Lab Inc, NovAtel Communications, Optimal Solutions Inc, Orkand Corporation, Pacific Research & Engineering Corporation, Patriot Technologies, Peak Nano Optics LLC, Power Paragon Inc, Riptide Autonomous Solutions LLC, SARL Assured Communications, SC Harris Assured Communications SRL, SPD Electrical Systems Inc, SignaCert, Sovcan Star Satellite Communications Inc, Sunshine General Services LLC, Tyco Electronics Wireless, Tyco Electronics Wireless Systems, Wavtrace Inc, Wescam USA Inc, and Zandar Technologies.
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This page (NYSE:LHX) was last updated on 5/26/2024 by MarketBeat.com Staff

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