L3Harris Technologies Inc (LHX) is a leading aerospace and defence business based in the US. It opened the day at $224.4 after a previous close of $223.72. During the day the price has varied from a low of $222.3 to a high of $224.33. The latest price was $222.77 (25 minute delay). L3Harris Technologies is listed on the NYSE and employs 47,000 staff. All prices are listed in US Dollars.
How to buy shares in L3Harris Technologies
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: LHX in this case.
- Research L3Harris Technologies shares. The platform should provide the latest information available.
- Buy your L3Harris Technologies shares. It's that simple.
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What's in this guide?
- Can I buy shares in L3Harris Technologies?
- Has coronavirus impacted L3Harris Technologies shares?
- L3Harris Technologies shares summary
- Compare share dealing platforms
- Is L3Harris Technologies stock a buy or sell?
- Performance over time
- Can I short L3Harris Technologies shares?
- Are L3Harris Technologies shares over-valued?
- How volatile are L3Harris Technologies shares?
- Does L3Harris Technologies pay a dividend?
- Have L3Harris Technologies shares ever split?
- Other common questions
How has coronavirus impacted L3Harris Technologies's share price?
Since the stock market crash that started in February 2020, L3Harris Technologies's share price has had significant negative movement.
Its last market close was $222.46, which is 0.15% down on its pre-crash value of $222.8 and 56.65% up on the lowest point reached during the March 2020 crash when the shares fell as low as $142.01.
If you had bought $1,000 worth of L3Harris Technologies shares at the start of February 2020, those shares would have been worth $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 $1,007.74.
L3Harris Technologies share price (NYSE:LHX)Use our graph to track the performance of LHX stocks over time.
L3Harris Technologies shares at a glance
|52-week range||$155.1524 - $234.25|
|50-day moving average||$230.8231|
|200-day moving average||$216.592|
|Wall St. target price||$254.35|
|Dividend yield||$3.74 (1.69%)|
|Earnings per share (TTM)||$7.139|
Fees for buying 5x L3Harris Technologies shares with popular platforms
Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
|Platform||Platform fee||Min. initial deposit||Trading fee estimate|
|Capital at risk|
|Capital at risk|
|Capital at risk|
|Capital at risk|
|Capital at risk|
|£9.99 per month||No minimum||£20.20
|Capital at risk|
|Capital at risk|
|£36 per year||£20||£19.68
|Capital at risk|
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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.
L3Harris Technologies price performance over time
|1 week (2021-09-13)||-2.52%|
|1 month (2021-08-20)||-3.62%|
|3 months (2021-06-18)||1.79%|
|6 months (2021-03-19)||12.79%|
|1 year (2020-09-18)||20.28%|
|2 years (2019-09-20)||5.09%|
|3 years (2018-09-20)||36.95%|
|5 years (2016-09-20)||149.43%|
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.
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 31x. In other words, L3Harris Technologies shares trade at around 31x 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1668. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for 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 share prices of multiple high-growth companies.
L3Harris Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $3.7 billion (£2.7 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||$18.4 billion|
|Operating margin TTM||14.52%|
|Gross profit TTM||$5.3 billion|
|Return on assets TTM||4.51%|
|Return on equity TTM||7.09%|
|Market capitalisation||$44.7 billion|
TTM: trailing 12 months
How to short and sell L3Harris Technologies shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "LHX.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 2.3 million L3Harris Technologies shares held short by investors – that's known as the "short interest". This figure is 8.7% down from 2.5 million last month.
There are a few different ways that this level of interest in shorting L3Harris Technologies shares can be evaluated.
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 843977.32342007). L3Harris Technologies's SIR currently stands at 2.69. In other words for every 100,000 L3Harris Technologies shares traded daily on the market, roughly 2690 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 0.0113% of the tradable shares (for every 100,000 tradable L3Harris Technologies shares, roughly 11 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 yield: 1.69% of stock value
Forward annual dividend yield: 1.85% of stock value
Dividend payout ratio: 31.48% of net profits
L3Harris Technologies has recently paid out dividends equivalent to 1.69% of its share value annually.
L3Harris Technologies has paid out, on average, around 31.48% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.85% 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 1.85% return on their shares, in the form of dividend payments. In L3Harris Technologies's case, that would currently equate to about $3.74 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 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 September 2021 (the "ex-dividend date").
Have L3Harris Technologies's shares ever split?
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.
Share price volatility
Over the last 12 months, L3Harris Technologies's shares have ranged in value from as little as $155.1524 up to $234.25. 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 0.8876. This would suggest that L3Harris Technologies's shares are less volatile than average (for this exchange).
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