L3Harris Technologies is an aerospace & defense business based in the US. L3Harris Technologies shares (LHX.US) are listed on the NYSE and all prices are listed in US dollars. Its last market close was $214.54 – an increase of 3.46% over the previous day. L3Harris Technologies employs 50,000 staff and has a trailing 12-month revenue of around $19.4 billion.
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Is it a good time to buy L3Harris Technologies stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Use our graph to track the performance of LHX stocks over time.
Share price volatility
Over the last 12 months, L3Harris Technologies's shares have ranged in value from as little as $158.4184 up to $217.1652. 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 0.646. This would suggest that L3Harris Technologies's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $214.54
1 week (2024-04-18)
4.42%
1 month (2024-03-27)
0.68%
3 months (2024-01-25)
2.55%
6 months (2023-10-26)
25.51%
1 year (2023-04-27)
9.94%
2 years (2022-04-27)
-10.27%
3 years (2021-04-27)
4.65%
5 years (2019-04-25)
28.89%
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Is L3Harris Technologies under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the L3Harris Technologies P/E ratio, PEG ratio and EBITDA
L3Harris Technologies's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 32x. In other words, L3Harris Technologies stocks trade at around 32x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.8965. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.
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 stock prices of multiple high-growth companies.
L3Harris Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $3.5 billion ($4.8 billion CAD).
The EBITDA is a measure of a L3Harris Technologies's overall financial performance and is widely used to measure a its profitability.
Forward annual dividend yield: 2.23% of stock value
Dividend payout ratio: 37.03% of net profits
L3Harris Technologies has recently paid out dividends equivalent to 2.23% of its share value annually.
L3Harris Technologies has paid out, on average, around 37.03% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.23% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 2.23% return on their shares, in the form of dividend payments. In L3Harris Technologies's case, that would currently equate to about 4.56 per share.
While L3Harris Technologies's payout ratio might seem fairly standard, it's worth remembering that it may be investing much of the rest of its net profits in future growth.
L3Harris Technologies's most recent dividend payout was on 17 June 2024. The latest dividend was paid out to all shareholders who bought their shares by 3 June 2024 (the "ex-dividend date").
Currently 0.322% of L3Harris Technologies shares are held by insiders and 85.668% by institutions.
L3Harris Technologies's fiscal year ends in June.
L3Harris Technologies's address is: 1025 West NASA Boulevard, Melbourne, FL, United States, 32919
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.
It's as easy to sell L3Harris Technologies as it is to buy! Here's how to sell L3Harris Technologies stocks that you already own.
Open your investment app. If you've got one with desktop access, you can log in online
Go to your portfolio. This should be in the main menu
Find your shares. You may be able to search your portfolio
Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
Sell your L3Harris Technologies shares. Your investment platform will let you know when your shares are sold
Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
The easiest way to get hold of some L3Harris Technologies shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in L3Harris Technologies shares.
L3Harris Technologies financials
Revenue TTM
$19.4 billion
Operating margin TTM
14.16%
Gross profit TTM
$4.9 billion
Return on assets TTM
3.84%
Return on equity TTM
6.4%
Profit margin
6.32%
Book value
$98.86
Market capitalisation
$39.5 billion
TTM: trailing 12 months
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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