How to buy L3Harris Technologies (LHX) shares in the UK

Learn how to easily invest in L3Harris Technologies shares.

L3Harris Technologies Inc
NYSE: LHX - USD
AEROSPACE & DEFENSE
$222.46
+ $1.43 ( + 0.65%)

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

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: LHX in this case.
  5. Research L3Harris Technologies shares. The platform should provide the latest information available.
  6. Buy your L3Harris Technologies shares. It's that simple.
The whole process can take as little as 15 minutes.

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

Information last updated 2021-06-16.
Open$224.4
High$224.33
Low$222.3
Close$222.77
Previous close$223.72
Change$-0.95
Change %-0.4246%
Volume171,095
Information last updated 2021-09-17.
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
PE ratio31.1612
Dividend yield$3.74 (1.69%)
Earnings per share (TTM)$7.139
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Invest in L3Harris Technologies shares with 0% commission

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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
Freetrade logo £0 No minimum £3.66
£816.99 total
Capital at risk
eToro Free Stocks logo £0 $50 £4.07
£817.40 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £1.26
£814.59 total
Capital at risk
Stake logo £0 £50 £4.08
£817.41 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £20.10
£833.43 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £20.20
£833.54 total
Capital at risk
Fineco logo £0 No minimum £8.13
£821.47 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £19.68
£833.01 total
Capital at risk

Full comparison of share dealing platforms

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

Historical closes compared with the last close of $222.77

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.

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 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.

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 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.

EBITDA

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.

Financials

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%
Profit margin 8.17%
Book value $98.505
Market capitalisation $44.7 billion

TTM: trailing 12 months

How to short and sell L3Harris Technologies shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "LHX.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. 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

1.7%

Dividend yield: 1.69% of stock value

1.9%

Forward annual dividend yield: 1.85% of stock value

31.5%

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".

LHX.US volatility(beta: 0.89)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 0.8876. This would suggest that L3Harris Technologies's shares are less volatile than average (for this exchange).

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