L3Harris Technologies (LHX) Stock Price, News & Analysis

Question

Should I buy or sell L3Harris Technologies stock right now?

Answer 1

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

Answer 2

14 analysts have issued twelve-month price objectives for L3Harris Technologies' shares. Their LHX share price targets range from $164.00 to $250.00. On average, they predict the company's share price to reach $231.80 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for LHX or view top-rated stocks among Wall Street analysts.

Answer 3

L3Harris Technologies' stock was trading at $210.62 on January 1st, 2024. Since then, LHX shares have increased by 5.6% and is now trading at $222.44.
View the best growth stocks for 2024 here.

Answer 4

L3Harris Technologies saw a decrease in short interest during the month of May. As of May 31st, there was short interest totaling 1,170,000 shares, a decrease of 23.0% from the May 15th total of 1,520,000 shares. Based on an average daily trading volume, of 981,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are short sold.
View L3Harris Technologies' Short Interest.

Answer 5

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

Answer 6

L3Harris Technologies, Inc. (NYSE:LHX) posted its quarterly earnings data on Thursday, April, 25th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.17. The firm earned $5.21 billion during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.86 EPS.
Read the conference call transcript.

Answer 7

L3Harris Technologies declared a quarterly dividend on Friday, April 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, June 4th.
Read our dividend analysis for LHX.

Answer 8

L3Harris Technologies (NYSE:LHX) pays an annual dividend of $4.64 per share and currently has a dividend yield of 2.13%. 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.

Answer 9

ETFs with the largest weight of L3Harris Technologies (NYSE:LHX) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), Invesco Aerospace & Defense ETF (PPA), iShares U.S. Aerospace & Defense ETF (ITA), Global X Defense Tech ETF (SHLD), SPDR S&P Kensho Final Frontiers ETF (ROKT), First Trust Indxx Aerospace & Defense ETF (MISL), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and SPDR S&P Aerospace & Defense ETF (XAR).

Answer 10

L3Harris Technologies updated its FY 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) 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.

Answer 11

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.

Answer 12

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).

Answer 13

L3Harris Technologies' stock is owned by many different 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, Sean J Stackley, Thomas A Corcoran, Todd W Gautier, William H Swanson and William M Brown.
View institutional ownership trends.

Answer 14

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.

Answer 15

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.

L3Harris Technologies (LHX) Stock Price, News & Analysis

L3Harris Technologies MarketRank™ Stock Analysis

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