Is L3Harris Technologies Stock a Good Investment?
L3Harris Technologies Investment Advice | LHX |
- Examine L3Harris Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research L3Harris Technologies' leadership team and their track record. Good management can help L3Harris Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Aerospace & Defense space and any emerging trends that could impact L3Harris Technologies' business and its evolving consumer preferences.
- Compare L3Harris Technologies' performance and market position to its competitors. Analyze how L3Harris Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if L3Harris Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about L3Harris Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in L3Harris Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if L3Harris Technologies is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine L3Harris Technologies Stock
Researching L3Harris Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 86.0% of the company shares are owned by institutional investors. The book value of L3Harris Technologies was now reported as 100.23. The company has Price/Earnings To Growth (PEG) ratio of 0.82. L3Harris Technologies recorded earning per share (EPS) of 6.32. The entity last dividend was issued on the 18th of November 2024. The firm had 10000:9448 split on the 11th of May 2009.
To determine if L3Harris Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding L3Harris Technologies' research are outlined below:
| L3Harris Technologies generated a negative expected return over the last 90 days | |
| L3Harris Technologies has a strong financial position based on the latest SEC filings | |
| Over 86.0% of the company shares are owned by institutional investors | |
| On 6th of December 2024 L3Harris Technologies paid $ 1.16 per share dividend to its current shareholders | |
| Latest headline from nytimes.com: An Extremely Detailed Map of the 2024 Election Results Trump vs. Harris |
L3Harris Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in L3Harris Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to L3Harris Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 24th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact L3Harris Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises L3Harris Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2000-01-26 | 1999-12-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2003-10-21 | 2003-09-30 | 0.18 | 0.2 | 0.02 | 11 | ||
2000-07-26 | 2000-06-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2000-04-26 | 2000-03-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2004-10-20 | 2004-09-30 | 0.25 | 0.29 | 0.04 | 16 | ||
2003-01-15 | 2002-12-31 | 0.13 | 0.17 | 0.04 | 30 | ||
2005-01-26 | 2004-12-31 | 0.33 | 0.38 | 0.05 | 15 | ||
2005-10-26 | 2005-09-30 | 0.41 | 0.47 | 0.06 | 14 |
L3Harris Technologies Target Price Consensus
L3Harris target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. L3Harris Technologies' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 24 | Strong Buy |
Most L3Harris analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand L3Harris stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of L3Harris Technologies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationL3Harris Technologies Target Price Projection
L3Harris Technologies' current and average target prices are 218.16 and 270.28, respectively. The current price of L3Harris Technologies is the price at which L3Harris Technologies is currently trading. On the other hand, L3Harris Technologies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
L3Harris Technologies Market Quote on 18th of January 2025
Target Price
Analyst Consensus On L3Harris Technologies Target Price
L3Harris Technologies Analyst Ratings
L3Harris Technologies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about L3Harris Technologies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of L3Harris Technologies' financials, market performance, and future outlook by experienced professionals. L3Harris Technologies' historical ratings below, therefore, can serve as a valuable tool for investors.Know L3Harris Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as L3Harris Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading L3Harris Technologies backward and forwards among themselves. L3Harris Technologies' institutional investor refers to the entity that pools money to purchase L3Harris Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Clearbridge Advisors, Llc | 2024-09-30 | 2.1 M | Allspring Global Investments Holdings, Llc | 2024-09-30 | 2 M | Fmr Inc | 2024-09-30 | 2 M | Bank Of America Corp | 2024-09-30 | 1.7 M | Amvescap Plc. | 2024-09-30 | 1.7 M | Hhg Plc | 2024-09-30 | 1.7 M | Massachusetts Financial Services Company | 2024-09-30 | 1.5 M | Northern Trust Corp | 2024-09-30 | 1.5 M | Diamond Hill Capital Management Inc | 2024-09-30 | 1.5 M | Vanguard Group Inc | 2024-09-30 | 22.9 M | Blackrock Inc | 2024-09-30 | 17.2 M |
L3Harris Technologies' market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 41.44 B.Market Cap |
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L3Harris Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.17 | 0.18 | |
| Return On Capital Employed | 0.08 | 0.09 | |
| Return On Assets | 0.05 | 0.04 | |
| Return On Equity | 0.09 | 0.09 |
Determining L3Harris Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if L3Harris Technologies is a good buy. For example, gross profit margin measures L3Harris Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of L3Harris Technologies' profitability and make more informed investment decisions.
L3Harris Technologies' Earnings Breakdown by Geography
Please note, the imprecision that can be found in L3Harris Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of L3Harris Technologies. Check L3Harris Technologies' Beneish M Score to see the likelihood of L3Harris Technologies' management manipulating its earnings.
Evaluate L3Harris Technologies' management efficiency
L3Harris Technologies has Return on Asset of 0.0355 % which means that on every $100 spent on assets, it made $0.0355 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0626 %, implying that it generated $0.0626 on every 100 dollars invested. L3Harris Technologies' management efficiency ratios could be used to measure how well L3Harris Technologies manages its routine affairs as well as how well it operates its assets and liabilities. At this time, L3Harris Technologies' Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to rise to 0.09 in 2025, whereas Return On Assets are likely to drop 0.04 in 2025. At this time, L3Harris Technologies' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 40.6 B in 2025, despite the fact that Net Tangible Assets are likely to grow to (4.8 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 86.37 | 90.69 | |
| Tangible Book Value Per Share | (31.48) | (29.90) | |
| Enterprise Value Over EBITDA | 12.74 | 10.03 | |
| Price Book Value Ratio | 2.01 | 1.84 | |
| Enterprise Value Multiple | 12.74 | 10.03 | |
| Price Fair Value | 2.01 | 1.84 | |
| Enterprise Value | 2.4 B | 2.2 B |
Examining the leadership quality of L3Harris Technologies offers valuable insights into its operational efficiency and financial health. This analysis assists investors in making informed decisions regarding the stock.
Basic technical analysis of L3Harris Stock
As of the 18th of January 2025, L3Harris Technologies secures the Coefficient Of Variation of (899.28), mean deviation of 1.09, and Standard Deviation of 1.46. In relation to fundamental indicators, the technical analysis model lets you check potential technical drivers of L3Harris Technologies, as well as the relationship between them.L3Harris Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific L3Harris Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on L3Harris Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases L3Harris Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
L3Harris Technologies' Outstanding Corporate Bonds
L3Harris Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. L3Harris Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most L3Harris bonds can be classified according to their maturity, which is the date when L3Harris Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| LYB INTERNATIONAL FINANCE Corp BondUS50249AAD54 | View | |
| LYB 125 01 OCT 25 Corp BondUS50249AAF03 | View | |
| LYB 225 01 OCT 30 Corp BondUS50249AAG85 | View | |
| LYB INTERNATIONAL FINANCE Corp BondUS50249AAH68 | View | |
| LYB INTERNATIONAL FINANCE Corp BondUS50249AAA16 | View | |
| LYB INTERNATIONAL FINANCE Corp BondUS50249AAJ25 | View | |
| LYB 38 01 OCT 60 Corp BondUS50249AAK97 | View | |
| US502431AL33 Corp BondUS502431AL33 | View |
Understand L3Harris Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing L3Harris Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 1.09 | |||
| Coefficient Of Variation | (899.28) | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.13 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.19 | |||
| Skewness | (0.28) | |||
| Kurtosis | 1.45 |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 1.09 | |||
| Coefficient Of Variation | (899.28) | |||
| Standard Deviation | 1.46 | |||
| Variance | 2.13 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.19 | |||
| Skewness | (0.28) | |||
| Kurtosis | 1.45 |
Consider L3Harris Technologies' intraday indicators
L3Harris Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of L3Harris Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 8302.14 | |||
| Daily Balance Of Power | (0.14) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 218.2 | |||
| Day Typical Price | 218.19 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.32) |
L3Harris Technologies Corporate Filings
F4 | 6th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 27th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 25th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
L3Harris Stock media impact
Far too much social signal, news, headlines, and media speculation about L3Harris Technologies that are available to investors today. That information is available publicly through L3Harris media outlets and privately through word of mouth or via L3Harris internal channels. However, regardless of the origin, that massive amount of L3Harris data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of L3Harris Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of L3Harris Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to L3Harris Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive L3Harris Technologies alpha.
L3Harris Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards L3Harris Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
L3Harris Technologies Corporate Directors
| Robert Millard | Lead Independent Director | Profile | |
| Lloyd Newton | Independent Director | Profile | |
| Rita Lane | Independent Director | Profile | |
| Lewis Hay | Independent Director | Profile |
Additional Tools for L3Harris Stock Analysis
When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.