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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 USD$24 billion.
Since the stock market crash in March caused by coronavirus, L3Harris Technologies's share price has had significant negative movement.
Its last market close was USD$200, which is 10.23% down on its pre-crash value of USD$222.8 and 40.84% up on the lowest point reached during the March crash when the shares fell as low as USD$142.01.
If you had bought USD$1,000 worth of L3Harris Technologies shares at the start of February 2020, those shares would have been worth USD$680.50 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$906.00.
|Latest market close||USD$200|
|52-week range||USD$140.1263 - USD$226.8975|
|50-day moving average||USD$177.8275|
|200-day moving average||USD$179.328|
|Wall St. target price||USD$227|
|Dividend yield||USD$3.4 (1.74%)|
|Earnings per share (TTM)||USD$7.351|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
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.
|1 week (2020-11-16)||200|
|1 month (2020-10-23)||16.41%|
|3 months (2020-08-21)||11.99%|
|6 months (2020-05-22)||10.83%|
|1 year (2019-11-22)||0.68%|
|2 years (2018-11-23)||37.77%|
|3 years (2017-11-22)||40.33%|
|5 years (2015-11-23)||141.75%|
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, L3Harris Technologies shares trade at around 25x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
L3Harris Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1984. 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 (earnings before interest, taxes, depreciation and amortisation) is USD$4.5 billion.
The EBITDA is a measure of a L3Harris Technologies's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$24 billion|
|Operating margin TTM||13.23%|
|Gross profit TTM||USD$5.4 billion|
|Return on assets TTM||4.32%|
|Return on equity TTM||0%|
|Market capitalisation||USD$40.9 billion|
TTM: trailing 12 months
There are currently 1.5 million L3Harris Technologies shares held short by investors – that's known as L3Harris Technologies's "short interest". This figure is 27.5% down from 2.1 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) 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 1.32. In other words for every 100,000 L3Harris Technologies shares traded daily on the market, roughly 1320 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 0.0073% of the tradable shares (for every 100,000 tradable L3Harris Technologies shares, roughly 7 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.
Dividend payout ratio: 30.04% of net profits
Recently L3Harris Technologies has paid out, on average, around 30.04% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.74% 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 1.74% return on their shares, in the form of dividend payments. In L3Harris Technologies's case, that would currently equate to about $3.4 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 4 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 19 November 2020 (the "ex-dividend date").
L3Harris Technologies's shares were split on a 10000:9448 basis on 11 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.
Over the last 12 months, L3Harris Technologies's shares have ranged in value from as little as $140.1263 up to $226.8975. 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, 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; and 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; security, detection, and other commercial aviation products; commercial and military pilot training solutions; and mission networks for air traffic management. 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 headquartered in Melbourne, Florida.
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