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L3Harris Technologies (LHX)
NYSE:LHX
Holding LHX?
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LHX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$160.25 - $245.60
Previous Close$236.67
Volume698.44K
Average Volume (3M)805.11K
Market Cap
$44.33B
Enterprise Value$57.63B
Total Cash (Recent Filing)$477.00M
Total Debt (Recent Filing)$13.71B
Price to Earnings (P/E)37.4
Beta0.85
Next Earnings
Oct 24, 2024EPS Estimate
$3.25Next Dividend Ex-Date
Sep 06, 2024Dividend Yield1.97%
Share Statistics
EPS (TTM)6.25
Shares Outstanding189,705,190
10 Day Avg. Volume538,384
30 Day Avg. Volume805,108
Standard Deviation0.07
R-Squared0.26
Alpha-0.00275
Financial Highlights & Ratios
Price to Book (P/B)-4.61
Price to Sales (P/S)2.13
Price to Cash Flow (P/CF)14.70
P/FCF Ratio12.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.86
Enterprise Value/Gross Profit11.27
Enterprise Value/Ebitda34.82
Forecast
1Y Price Target
$264.00Price Target Upside11.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
L3Harris Technologies News
Bulls Say, Bears Say
Bulls Say
DemandDemand for missiles and munitions in the US and abroad is accelerating as countries seek to refill stockpiles across domains.
Financial PerformanceOperating cashflow was $754 million, up vs. positive $414 million on working capital efficiency and net income growth, with adjusted FCF of $714 million, above consensus of $451 million.
Guidance2024 guidance was raised across select metrics, implying ~8-10% y/y growth, with segment operating margins set at 15.2%-15.4%, reflecting at least ~40-60bps expansion y/y.
Bears Say
Committee DissolutionDissolution of the Ad-hoc Business Review Committee seems to have raised concerns that LHX may revert to their old ways.
Financial PerformanceThere are risks to defense pure play valuations as DoD budget authorization growth decelerates, and to defense margins given tougher customer terms of trade.
Growth ExpectationsLHX growth is expected to lag peers in the medium-term.
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Ownership Overview
1.24% Insiders
35.06% Mutual Funds
41.99% Other Institutional Investors
21.72% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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LHX FAQ
What was L3Harris Technologies’s price range in the past 12 months?
L3Harris Technologies lowest stock price was $160.25 and its highest was $245.59 in the past 12 months.
What is L3Harris Technologies’s market cap?
Currently, no data Available
When is L3Harris Technologies’s upcoming earnings report date?
L3Harris Technologies’s upcoming earnings report date is Oct 24, 2024 which is in 53 days.
How were L3Harris Technologies’s earnings last quarter?
L3Harris Technologies released its earnings results on Jul 25, 2024. The company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.177 by $0.063.
Is L3Harris Technologies overvalued?
According to Wall Street analysts L3Harris Technologies’s price is currently Undervalued.
Does L3Harris Technologies pay dividends?
L3Harris Technologies pays a Quarterly dividend of $1.16 which represents an annual dividend yield of 1.97%. See more information on L3Harris Technologies dividends here
What is L3Harris Technologies’s EPS estimate?
L3Harris Technologies’s EPS estimate is $3.25.
How many shares outstanding does L3Harris Technologies have?
L3Harris Technologies has 189,705,180 shares outstanding.
What happened to L3Harris Technologies’s price movement after its last earnings report?
L3Harris Technologies reported an EPS of $3.24 in its last earnings report, beating expectations of $3.177. Following the earnings report the stock price went down -5.697%.
Which hedge fund is a major shareholder of L3Harris Technologies?
Among the largest hedge funds holding L3Harris Technologies’s share is Diamond Hill Capital Management Inc. It holds L3Harris Technologies’s shares valued at 334M.
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L3Harris Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$264.00 (11.55% Upside)
$264.00 (11.55% Upside)
Blogger Sentiment
Bullish
LHX Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 828.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $18.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.2%
Last 30 Days ▲ 2.4%
Last 30 Days ▲ 2.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
36.21%
12-Months-Change
Fundamentals
Return on Equity
6.39%
Trailing 12-Months
Asset Growth
17.80%
Trailing 12-Months
Company Description
L3Harris Technologies
L3Harris Technologies, Inc. is a technology-oriented aerospace and defense company that provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. The company was formed following the merger of Harris Corporation and L3 Technologies in June 2019.
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LHX Company Deck
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LHX Earnings Call
Q2 2024
0:00 / 0:00
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LHX Revenue Breakdown
70.52% Products
29.48% Services
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LHX Stock 12 Month Forecast
Average Price Target
$264.00
▲(11.55% Upside)
Technical Analysis
Best Analysts Covering LHX
1 Year
1 Year Success Rate
24/25 ratings generated profit
1 Year Average Return
+24.52%
reiterated a buy rating 9 months ago
Copying Brian Gesuale's trades and holding each position for 1 Year would result in 96.00% of your transactions generating a profit, with an average return of +24.52% per trade.
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