Should I buy or sell L3Harris Technologies stock right now?

12 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 9 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?

12 brokerages have issued 12-month price targets for L3Harris Technologies' stock. Their LHX share price targets range from $164.00 to $250.00. On average, they predict the company's stock price to reach $229.00 in the next twelve months. This suggests a possible upside of 12.7% 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 at the beginning of 2024. Since then, LHX stock has decreased by 3.5% and is now trading at $203.22. View the best growth stocks for 2024 here .

When is L3Harris Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our LHX earnings forecast .

How can I listen to L3Harris Technologies' earnings call?

L3Harris Technologies will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were L3Harris Technologies' earnings last quarter?

L3Harris Technologies, Inc. (NYSE:LHX) posted its quarterly earnings results on Friday, January, 26th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a trailing twelve-month return on equity of 12.68% and a net margin of 6.32%. L3Harris Technologies's revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.27 earnings per share. Read the conference call transcript .

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

L3Harris Technologies declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 8th will be paid a dividend of $1.16 per share on Friday, March 22nd. This represents a $4.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $1.14. 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 2.29%. 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 72.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LHX will have a dividend payout ratio of 32.77% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LHX .

What ETFs hold L3Harris Technologies' stock?

ETFs with the largest weight of L3Harris Technologies (NYSE:LHX) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD) , ARK Space Exploration & Innovation ETF (ARKX) , Invesco Aerospace & Defense ETF (PPA) , iShares U.S. Aerospace & Defense ETF (ITA) , SPDR S&P Kensho Final Frontiers ETF (ROKT) , VictoryShares Protect America ETF (SHLD) , First Trust Indxx Aerospace & Defense ETF (MISL) and SPDR S&P Aerospace & Defense ETF (XAR) .

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

L3Harris Technologies updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 12.400-12.800 for the period, compared to the consensus earnings per share estimate of 13.140. The company issued revenue guidance of $20.7 billion-$21.3 billion, compared to the consensus revenue estimate of $21.5 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 investors include Factory Mutual Insurance Co. (0.04%), Matrix Asset Advisors Inc. NY (0.03%), Atwood & Palmer Inc. (0.03%), Massmutual Trust Co. FSB ADV (0.03%), Rheos Capital Works Inc. (0.02%) and Allen Mooney & Barnes Investment Advisors LLC (0.02%). 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. Read More

Top-Rated Dividend StocksTop-Rated Dividend

NYSE:LHX

L3Harris Technologies (LHX) Stock Price, News & Analysis

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$203.22

+0.60 (+0.30%)

(As of 04/15/2024 ET)

Compare

Today's Range: $202.48
▼
$205.60
50-Day Range: $202.39
▼
$215.96
52-Week Range: $160.25
▼
$218.34

Volume: 1.01 million shs
Average Volume: 1.09 million shs
Market Capitalization: $38.63 billion

P/E Ratio: 31.56
Dividend Yield: 2.28%
Price Target: $229.00

Get L3Harris Technologies alerts:

L3Harris Technologies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 12.7% Upside
$229.00 Price Target
Short Interest: Healthy
1.02% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.65
Upright™ Environmental Score
News Sentiment: 0.71
Based on 12 Articles This Week
Insider Trading: Selling Shares
$10.26 M Sold Last Quarter
Proj. Earnings Growth: 11.23%
From $12.73 to $14.16 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.

4.87 out of 5 stars

Industrials Sector

1st out of 12 stocks

Aerospace & Defense Industry

1st out of 2 stocks

3.4

Analyst's Opinion

Consensus Rating
L3Harris Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
L3Harris Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.02% 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 1.7, 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 19.02%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
L3Harris Technologies pays a meaningful dividend of 2.29%, 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 72.05%. 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 32.77% next year. This indicates that L3Harris Technologies will be able to sustain or increase its dividend.

0.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
L3Harris Technologies has received a -87.36% net impact score from Upright. The largest negative impact of L3Harris Technologies in category "Societal stability & understanding among people" seems to be driven mostly by its "Missile racks", "Military radars", "Command and control systems", and "Laser rangefinders for military use" products. See details.
Environmental Sustainability
The Environmental Impact score for L3Harris Technologies is -2.65.

3.7

News and Social Media Coverage

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 0.37 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for L3Harris Technologies this week, compared to 9 articles on an average week.
Search Interest
26 people have searched for LHX on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.
MarketBeat Follows
34 people have added L3Harris Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 79% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, L3Harris Technologies insiders have sold 3,711.97% more of their company's stock than they have bought. Specifically, they have bought $269,188.00 in company stock and sold $10,261,360.00 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for L3Harris Technologies are expected to grow by 11.23% in the coming year, from $12.73 to $14.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of L3Harris Technologies is 31.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of L3Harris Technologies is 31.56, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 401.01.
Price to Earnings Growth Ratio
L3Harris Technologies has a PEG Ratio of 1.88. 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 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

LHX Stock News Headlines

March 29, 2024 | insidertrades.com

L3Harris Technologies, Inc. (NYSE:LHX) CEO Sells $8,488,800.00 in Stock

March 19, 2024 | insidertrades.com

William H. Swanson Buys 1,250 Shares of L3Harris Technologies, Inc. (NYSE:LHX) Stock

April 16, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

April 15, 2024 | msn.com

Remain cautious on defense stocks amid Iran escalation: Wells Fargo

April 15, 2024 | markets.businessinsider.com

L3Harris Secured $256 Mln Order From U.S. Army For Continued Production Of ENVG-B

April 15, 2024 | finance.yahoo.com

U.S. Army Awards $256M Contract for Night Vision Goggle Binoculars

April 15, 2024 | businesswire.com

U.S. Army Awards L3Harris ENVG-B Production Order

April 12, 2024 | msn.com

L3Harris layoffs: What we know (and what we don't)

April 16, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

April 9, 2024 | markets.businessinsider.com

Iridium Inks 5-Year Contract With L3Harris For Iridium Satellite Time And Location Service

April 9, 2024 | msn.com

Iridium signs five-year contract with L3Harris Technologies

April 9, 2024 | prnewswire.com

Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure

April 6, 2024 | finance.yahoo.com

L3Harris Technologies, Inc. (NYSE:LHX) is a favorite amongst institutional investors who own 85%

April 5, 2024 | msn.com

L3Harris Sheds Antenna Business In Portfolio Refinement: Details

April 5, 2024 | finanznachrichten.de

Kanders & Company, Inc.: Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris

April 5, 2024 | markets.businessinsider.com

L3Harris To Sell Antenna Assets For $200 Mln To Affiliate Of Kanders & Co.

April 5, 2024 | msn.com

L3Harris to divest antenna and related businesses for $200M as it shaves off non-core assets

April 5, 2024 | finance.yahoo.com

Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris

April 5, 2024 | businesswire.com

L3Harris Announces Definitive Agreement to Sell Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million

April 5, 2024 | benzinga.com

Peering Into L3Harris Technologies's Recent Short Interest

April 2, 2024 | msn.com

WINNERS: Mega Millions Lottery Players Take Home $10K

April 1, 2024 | finance.yahoo.com

L3Harris Sets Date for First Quarter 2024 Earnings Release

April 1, 2024 | investorplace.com

The Top 3 Defense Semiconductor Stocks to Buy in April

March 31, 2024 | finance.yahoo.com

L3Harris Technologies Insiders Sold US$3.0m Of Shares Suggesting Hesitancy

March 26, 2024 | finance.yahoo.com

Investing in L3Harris Technologies (NYSE:LHX) five years ago would have delivered you a 43% gain

March 19, 2024 | finance.yahoo.com

Director William Swanson Acquires 2,500 Shares of L3Harris Technologies Inc (LHX)

March 17, 2024 | seekingalpha.com

Dividend Champion, Contender, And Challenger Highlights: Week Of March 17

See More Headlines

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Company Calendar

Last Earnings: 1/26/2024
Ex-Dividend for 3/22 Dividend: 3/07/2024
Dividend Payable: 3/22/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrials
Industry: Aerospace & Defense
Sub-Industry: N/A
Current Symbol: NYSE:LHX
CUSIP: N/A
CIK: 202058
Web: www.harris.com
Phone: (321) 727-9100
Fax: 321-724-3973
Employees: 50,000
Year Founded: 1895

Price Target and Rating

Average Stock Price Target: $229.00
High Stock Price Target: $250.00
Low Stock Price Target: $164.00
Potential Upside/Downside: +12.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.44
Trailing P/E Ratio: 31.56
Forward P/E Ratio: 15.96
P/E Growth: 1.88
Net Income: $1.23 billion
Net Margins: 6.32%
Pretax Margin: 6.29%
Return on Equity: 12.68%
Return on Assets: 6.10%

Debt

Debt-to-Equity Ratio: 0.59
Current Ratio: 1.01
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $19.42 billion
Price / Sales: 1.99
Cash Flow: $20.61 per share
Price / Cash Flow: 9.86
Book Value: $99.34 per share
Price / Book: 2.05

Miscellaneous

Outstanding Shares: 190,108,000
Free Float: 188,454,000
Market Cap: $38.63 billion
Optionable: Optionable
Beta: 0.65

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Key Executives

Mr. Christopher E. Kubasik CPA (Age 63)
Chairman & CEO
Comp: $6.34M
Mr. Kenneth L. Bedingfield (Age 51)
Senior VP & CFO
Comp: $302.75k
Mr. Sean J. Stackley (Age 65)
Senior Vice President of Strategy, Growth & Technology
Comp: $1.76M
Mr. Edward J. Zoiss (Age 59)
President of Space & Airborne Systems
Comp: $2.02M
Mr. Samir B. Mehta (Age 51)
President of Communication Systems Segment
Comp: $2.59M
Mr. Byron M. Green
Vice President of Global Operations
Ms. Corliss J. Montesi (Age 59)
VP & Principal Accounting Officer
Ms. Kimberly A. Mackenroth
VP & Chief Information Officer
Mr. Mark A. Kratz
Vice President of Investor Relations
Mr. Scott T. Mikuen (Age 62)
Senior VP, General Counsel & Secretary
Comp: $1.35M

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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.:

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide, ensuring a diverse revenue stream.
The company's Communication Systems segment offers advanced communication solutions, including tactical radios and satellite terminals, catering to the growing demand for secure and reliable communication technologies.
Aerojet Rocketdyne segment provides propulsion technologies for strategic defense and space missions, positioning the company in key sectors of national security and exploration.
Recent developments in space payloads and sensors by the Space and Airborne Systems segment showcase the company's commitment to innovation and staying competitive in the aerospace industry.
Considering the current stock price and market trends, investing in L3Harris Technologies, Inc. presents a potential opportunity for capital appreciation.

Cons

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

The competitive landscape in the search & navigation equipment industry may pose challenges for L3Harris Technologies, Inc. to maintain market share and pricing power.
Fluctuations in government spending on defense and technology projects could impact the company's revenue and profitability, leading to potential uncertainties for investors.
Market volatility and geopolitical factors may influence the stock performance of L3Harris Technologies, Inc., requiring investors to closely monitor external factors affecting the company.
Changes in regulations related to defense contracts and technology exports could introduce compliance risks for the company, affecting its operations and financial results.
Investors should consider the potential impact of global economic conditions and trade policies on L3Harris Technologies, Inc.'s business operations and growth prospects.

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 Saturday, April 13, 2024. Please send any questions or comments about these L3Harris Technologies pros and cons to contact@marketbeat.com.

LHX Stock Analysis - Frequently Asked Questions

Should I buy or sell L3Harris Technologies stock right now?: 12 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 9 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?: 12 brokerages have issued 12-month price targets for L3Harris Technologies' stock. Their LHX share price targets range from $164.00 to $250.00. On average, they predict the company's stock price to reach $229.00 in the next twelve months. This suggests a possible upside of 12.7% 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 at the beginning of 2024. Since then, LHX stock has decreased by 3.5% and is now trading at $203.22.
View the best growth stocks for 2024 here.
When is L3Harris Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our LHX earnings forecast.
How can I listen to L3Harris Technologies' earnings call?: L3Harris Technologies will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were L3Harris Technologies' earnings last quarter?: L3Harris Technologies, Inc. (NYSE:LHX) posted its quarterly earnings results on Friday, January, 26th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a trailing twelve-month return on equity of 12.68% and a net margin of 6.32%. L3Harris Technologies's revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.27 earnings per share.
Read the conference call transcript.
How often does L3Harris Technologies pay dividends? What is the dividend yield for L3Harris Technologies?: L3Harris Technologies declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 8th will be paid a dividend of $1.16 per share on Friday, March 22nd. This represents a $4.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $1.14.
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 2.29%. 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 72.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LHX will have a dividend payout ratio of 32.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LHX.

What ETFs hold L3Harris Technologies' stock?: ETFs with the largest weight of L3Harris Technologies (NYSE:LHX) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD), ARK Space Exploration & Innovation ETF (ARKX), Invesco Aerospace & Defense ETF (PPA), iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Kensho Final Frontiers ETF (ROKT), VictoryShares Protect America ETF (SHLD), First Trust Indxx Aerospace & Defense ETF (MISL) and SPDR S&P Aerospace & Defense ETF (XAR).
What guidance has L3Harris Technologies issued on next quarter's earnings?: L3Harris Technologies updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 12.400-12.800 for the period, compared to the consensus earnings per share estimate of 13.140. The company issued revenue guidance of $20.7 billion-$21.3 billion, compared to the consensus revenue estimate of $21.5 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 investors include Factory Mutual Insurance Co. (0.04%), Matrix Asset Advisors Inc. NY (0.03%), Atwood & Palmer Inc. (0.03%), Massmutual Trust Co. FSB ADV (0.03%), Rheos Capital Works Inc. (0.02%) and Allen Mooney & Barnes Investment Advisors LLC (0.02%). 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 4/16/2024 by MarketBeat.com Staff

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L3Harris Technologies (LHX) Stock Price, News & Analysis

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