Comparing L3Harris Technologies (NYSE:LHX) & New Horizon Aircraft (NASDAQ:HOVR)

L3Harris Technologies (NYSE:LHX) and New Horizon Aircraft (NASDAQ:HOVR) are both aerospace companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, valuation, dividends, institutional ownership, earnings, risk and analyst recommendations.

Profitability

This table compares L3Harris Technologies and New Horizon Aircraft’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
L3Harris Technologies	7.94%	11.82%	5.47%
New Horizon Aircraft	N/A	-230.87%	4.72%

Analyst Ratings

This is a summary of current recommendations and price targets for L3Harris Technologies and New Horizon Aircraft, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
L3Harris Technologies	0	5	13	0	2.72
New Horizon Aircraft	0	1	1	0	2.50

L3Harris Technologies presently has a consensus target price of $287.63, suggesting a potential downside of 0.74%. New Horizon Aircraft has a consensus target price of $11.00, suggesting a potential upside of 203.87%. Given New Horizon Aircraft’s higher probable upside, analysts plainly believe New Horizon Aircraft is more favorable than L3Harris Technologies.

Volatility and Risk

L3Harris Technologies has a beta of 0.76, suggesting that its share price is 24% less volatile than the S&P 500. Comparatively, New Horizon Aircraft has a beta of 2.79, suggesting that its share price is 179% more volatile than the S&P 500.

Institutional & Insider Ownership

84.8% of L3Harris Technologies shares are owned by institutional investors. Comparatively, 66.0% of New Horizon Aircraft shares are owned by institutional investors. 0.7% of L3Harris Technologies shares are owned by insiders. Comparatively, 11.1% of New Horizon Aircraft shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Earnings & Valuation

This table compares L3Harris Technologies and New Horizon Aircraft”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
L3Harris Technologies	$21.33 billion	2.54	$1.50 billion	$8.95	32.38
New Horizon Aircraft	N/A	N/A	$5.20 million	N/A	N/A

L3Harris Technologies has higher revenue and earnings than New Horizon Aircraft.

Summary

L3Harris Technologies beats New Horizon Aircraft on 8 of the 12 factors compared between the two stocks.

About L3Harris Technologies

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.

About New Horizon Aircraft

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.