How to buy L3Harris Technologies stock | $222.75

L3Harris Technologies, Inc is an aerospace & defense business based in the US. L3Harris Technologies shares (LHX) are listed on the NYSE and all prices are listed in US Dollars. L3Harris Technologies employs 48,000 staff and has a trailing 12-month revenue of around 0.00.

L3Harris Technologies stock price (NYSE: LHX)

Use our graph to track the performance of LHX stocks over time.

L3Harris Technologies shares at a glance

• Key figures

Information last updated 2021-07-22.

Latest market close	$222.75
52-week range	$155.84 - $228.19
50-day moving average	$221.24
200-day moving average	$203.70
Wall St. target price	$242.71
PE ratio	35.1774
Dividend yield	$3.57 (1.57%)
Earnings per share (TTM)	$6.43

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Is it a good time to buy L3Harris Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of L3Harris Technologies, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

L3Harris Technologies price performance over time

Historical closes compared with the close of $222.75 from 2021-06-04

1 week (2021-07-18)	N/A
1 month (2021-06-29)	3.41%
3 months (2021-04-29)	6.47%
6 months (2021-01-25)	N/A

1 year (2020-07-25)	N/A
2 years (2019-07-25)	N/A
3 years (2018-07-25)	N/A
5 years (2016-07-25)	N/A

Is L3Harris Technologies under- or over-valued?

Valuing L3Harris Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of L3Harris Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

L3Harris Technologies's P/E ratio

L3Harris Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, L3Harris Technologies shares trade at around 35x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

L3Harris Technologies's PEG ratio

L3Harris Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1668. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into L3Harris Technologies's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

L3Harris Technologies's EBITDA

L3Harris Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.6 billion.

The EBITDA is a measure of a L3Harris Technologies's overall financial performance and is widely used to measure a its profitability.

L3Harris Technologies financials

Revenue TTM	$18.1 billion
Operating margin TTM	14.21%
Gross profit TTM	$5.3 billion
Return on assets TTM	4.31%
Return on equity TTM	6.4%
Profit margin	7.55%
Book value	$99.42
Market capitalisation	$46.4 billion

TTM: trailing 12 months

Shorting L3Harris Technologies shares

There are currently 2.1 million L3Harris Technologies shares held short by investors – that's known as L3Harris Technologies's "short interest". This figure is 2.4% up from 2.0 million last month.

There are a few different ways that this level of interest in shorting L3Harris Technologies shares can be evaluated.

L3Harris Technologies's "short interest ratio" (SIR)

L3Harris Technologies's "short interest ratio" (SIR) is the quantity of L3Harris Technologies shares currently shorted divided by the average quantity of L3Harris Technologies shares traded daily (recently around 1.2 million). L3Harris Technologies's SIR currently stands at 1.81. In other words for every 100,000 L3Harris Technologies shares traded daily on the market, roughly 1810 shares are currently held short.

However L3Harris Technologies's short interest can also be evaluated against the total number of L3Harris Technologies shares, or, against the total number of tradable L3Harris Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case L3Harris Technologies's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 L3Harris Technologies shares in existence, roughly 10 shares are currently held short) or 0.0103% of the tradable shares (for every 100,000 tradable L3Harris Technologies shares, roughly 10 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against L3Harris Technologies.

Find out more about how you can short L3Harris Technologies stock.

L3Harris Technologies share dividends

Dividend payout ratio: 31.19% of net profits

Recently L3Harris Technologies has paid out, on average, around 31.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.8% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), L3Harris Technologies shareholders could enjoy a 1.8% return on their shares, in the form of dividend payments. In L3Harris Technologies's case, that would currently equate to about $3.57 per share.

While L3Harris Technologies's payout ratio might seem fairly standard, it's worth remembering that L3Harris Technologies may be investing much of the rest of its net profits in future growth.

L3Harris Technologies's most recent dividend payout was on 14 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 May 2021 (the "ex-dividend date").

Have L3Harris Technologies's shares ever split?

L3Harris Technologies's shares were split on a 10000:9448 basis on 10 May 2009. So if you had owned 9448 shares the day before before the split, the next day you'd have owned 10000 shares. This wouldn't directly have changed the overall worth of your L3Harris Technologies shares – just the quantity. However, indirectly, the new 5.5% lower share price could have impacted the market appetite for L3Harris Technologies shares which in turn could have impacted L3Harris Technologies's share price.

L3Harris Technologies share price volatility

Over the last 12 months, L3Harris Technologies's shares have ranged in value from as little as $155.8355 up to $228.19. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while L3Harris Technologies's is 0.7465. This would suggest that L3Harris Technologies's shares are less volatile than average (for this exchange).

L3Harris Technologies overview

L3Harris Technologies, Inc. , an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates maritime integrated command, control, communications, computers, and cyber ISR systems for maritime platforms; unmanned surface and undersea autonomous solutions; power and ship control systems; and other electronic and electrical products and systems, as well as designs and manufactures electro-optical and infrared sensors and surveillance, and targeting systems. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical radio communications, SATCOM terminals, and battlefield management networks; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, as well as ground stations and transportable tactical SATCOM systems; helmet and weapon mounted integrated night vision systems; and radios, systems applications, and equipment for public safety and professional communications. Its Aviation Systems segment offers defense aviation products; commercial aviation products; commercial and military training solutions; and mission networks solutions for air traffic management.

Frequently asked questions

What percentage of L3Harris Technologies is owned by insiders or institutions?
Currently 0.544% of L3Harris Technologies shares are held by insiders and 81.986% by institutions. How many people work for L3Harris Technologies?
Latest data suggests 48,000 work at L3Harris Technologies. When does the fiscal year end for L3Harris Technologies?
L3Harris Technologies's fiscal year ends in June. Where is L3Harris Technologies based?
L3Harris Technologies's address is: 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 What is L3Harris Technologies's ISIN number?
L3Harris Technologies's international securities identification number is: US5024311095 What is L3Harris Technologies's CUSIP number?
L3Harris Technologies's Committee on Uniform Securities Identification Procedures number is: 413875105