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How to buy L3Harris Technologies stock

Learn how to easily invest in L3Harris Technologies stock.

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 47,000 staff and has a trailing 12-month revenue of around $16.8 billion.

How to buy shares in L3Harris Technologies

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – LHX – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

L3Harris Technologies stock price (NYSE: LHX)

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

L3Harris Technologies shares at a glance

Information last updated 2022-09-20.
Latest market close$220.39
52-week range$197.93 - $275.83
50-day moving average $232.08
200-day moving average $233.25
Wall St. target price$248.78
PE ratio 23.743
Dividend yield $4.28 (1.95%)
Earnings per share (TTM) $9.69

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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.

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.

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 $220.39 from 2022-09-23

1 week (2022-09-13) N/A
1 month (2022-08-23) -5.06%
3 months (2022-06-24) -5.63%
6 months (2022-03-22) -12.54%
1 year (2021-09-24) -1.39%
2 years (2020-09-24) 25.41%
3 years (2019-09-24) 4.00%
5 years (2017-09-22) 67.22%

Is L3Harris Technologies stock undervalued or overvalued?

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 24x. In other words, L3Harris Technologies shares trade at around 24x 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 PEG ratio

L3Harris Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1659. 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 $3.5 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 $16.8 billion
Operating margin TTM 15.28%
Gross profit TTM $5.4 billion
Return on assets TTM 4.57%
Return on equity TTM 9.74%
Profit margin 11.36%
Book value $99.66
Market capitalisation $44 billion

TTM: trailing 12 months

L3Harris Technologies share dividends


Dividend payout ratio: 34.06% of net profits

Recently L3Harris Technologies has paid out, on average, around 34.06% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.95% 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 1.95% return on their shares, in the form of dividend payments. In L3Harris Technologies's case, that would currently equate to about $4.28 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 15 September 2022. The latest dividend was paid out to all shareholders who bought their shares by 31 August 2022 (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 $197.9273 up to $275.8319. A popular way to gauge a stock's volatility is its "beta".

LHX.US volatility(beta: 0.69)Avg. volatility(beta: 1.00)LowHigh

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 0.6888. 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, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. 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 communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems.

Frequently asked questions

What percentage of L3Harris Technologies is owned by insiders or institutions?
Currently 0.464% of L3Harris Technologies shares are held by insiders and 84.796% by institutions.
How many people work for L3Harris Technologies?
Latest data suggests 47,000 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

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