L3Harris Stock Analysis

LHX -  USA Stock  

USD 229.40  7.25  3.06%

The current indifference towards the small price fluctuations of L3Harris Technologies may encourage investors to take a closer look at the entity as it is trading at a share price of 229.40 on slow start in trading volume. The company management teams did not add any value to L3Harris Technologies investors in April. However, most investors can still diversify their portfolios with L3Harris Technologies to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.09. The current volatility is consistent with the ongoing market swings in April 2022 as well as with L3Harris Technologies unsystematic, company-specific events.
Additionally, see Stocks Correlation.
  
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The L3Harris Technologies stock analysis report makes it easy to digest most publicly released information about L3Harris Technologies and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. L3Harris Stock analysis module also helps to analyze the L3Harris Technologies price relationship with some important fundamental indicators such as market cap and management efficiency.

L3Harris Stock Analysis Notes

About 81.0% of the company shares are owned by institutional investors. The book value of L3Harris Technologies was now reported as 99.01. The company has Price/Earnings To Growth (PEG) ratio of 0.45. L3Harris Technologies recorded earning per share (EPS) of 7.51. The entity next dividend is scheduled to be issued on the 2nd of June 2022. The firm had a split on the 11th of May 2009. L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people. To find out more about L3Harris Technologies contact William Brown at 321 727 9100 or learn more at https://www.l3harris.com.

L3Harris Technologies Quarterly Cost of Revenue

2.89 Billion

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L3Harris Technologies Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. L3Harris Technologies' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding L3Harris Technologies or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS.
Over 81.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: US DoD Picks L3Harris For Artificial Intelligence Services - Benzinga - Benzinga

L3Harris Technologies Upcoming and Recent Events

Earnings reports are used by L3Harris Technologies to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: 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.
Upcoming Quarterly Report31st of January 2022
Next Financial Report29th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End31st of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

L3Harris Largest EPS Surprises

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.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2000-01-26
1999-12-310.080.090.0112 
2003-10-21
2003-09-300.180.20.0211 
2000-07-26
2000-06-300.160.180.0212 
View All Earnings Estimates

L3Harris Technologies SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. L3Harris Technologies prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that L3Harris Technologies investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial L3Harris Technologies specific information freely available to individual and institutional investors to make a timely investment decision.
9th of May 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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28th of April 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
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25th of April 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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11th of February 2022
Unclassified Corporate Event
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10th of February 2022
Unclassified Corporate Event
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31st of January 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Unclassified Corporate Event. Results of Operations and Financial Condition
View
24th of January 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
14th of January 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
View

L3Harris Technologies Thematic Classifications

In addition to having L3Harris Technologies stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Electronic Equipment IdeaElectronic Equipment
USA Equities from Electronic Equipment industry as classified by Fama & French

L3Harris Stock 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.
Security TypeSharesValue
Vanguard Group IncCommon Shares17 M4.2 B
Capital World InvestorsCommon Shares15 M3.7 B
Blackrock IncCommon Shares12.5 M3.1 B
State Street CorpCommon Shares8.9 M2.2 B
Bank Of America CorpCommon SharesMB
Price T Rowe Associates IncCommon Shares7.4 M1.8 B
Wellington Management Group LlpCommon Shares5.5 M1.4 B
Note, although L3Harris Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

L3Harris Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 45.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate L3Harris Technologies's market, we take the total number of its shares issued and multiply it by L3Harris Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

L3Harris Profitablity

L3Harris Technologies' profitability indicators refer to fundamental financial ratios that showcase L3Harris Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, L3Harris Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, L3Harris Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of L3Harris Technologies' profitability requires more research than a typical breakdown of L3Harris Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 10.68 %, which may imply that it executes well on its competitive polices and has reasonable control over its expenses and variable costs. This is very large. In the same way, it shows Net Operating Margin of 20.52 %, which entails that for every 100 dollars of revenue, it generated 0.21 of operating income.
Last ReportedProjected for 2022
Return on Average Assets 0.05  0.05 
Return on Average Equity 0.09  0.12 
Return on Invested Capital 0.20  0.18 
Return on Sales 0.14  0.15 

Management Efficiency

The entity has Return on Asset of 4.6 % which means that on every $100 spent on asset, it made $4.6 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 9.29 %, implying that it generated $9.29 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. L3Harris Technologies Return on Average Equity is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Return on Average Equity of 0.09 in 2021. Return on Sales is likely to rise to 0.15 in 2022, whereas Return on Average Assets are likely to drop 0.05 in 2022. L3Harris Technologies Total Assets are fairly stable at the moment as compared to the past year. L3Harris Technologies reported Total Assets of 34.71 Billion in 2021. Assets Non Current is likely to rise to about 30.6 B in 2022, whereas Current Assets are likely to drop slightly above 5.2 B in 2022.
Last ReportedProjected for 2022
Book Value per Share 97.91  105.64 
Enterprise Value over EBIT 19.00  25.26 
Enterprise Value over EBITDA 13.81  14.52 
Price to Book Value 2.18  3.19 
Tangible Assets Book Value per Share 50.35  47.16 
Enterprise Value48.6 B52.4 B
Tangible Asset Value9.9 BB

Technical Drivers

As of the 26th of May, L3Harris Technologies secures the Semi Deviation of 1.91, mean deviation of 1.56, and Downside Deviation of 2.04. 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. Strictly speaking, you can use this information to find out if the entity will indeed mirror its model of past prices, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for L3Harris Technologies, which can be compared to its peers in the industry. Please verify L3Harris Technologies downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if L3Harris Technologies is priced correctly, providing market reflects its recent price of 229.4 per share. Given that L3Harris Technologies has jensen alpha of 0.1488, we recommend you to check L3Harris Technologies's last-minute market performance to make sure the company can sustain itself at some future date.

L3Harris Technologies Price Movement Analysis

The output start index for this execution was twenty-five with a total number of output elements of thirty-six. The Mid-point over period is an average of L3Harris Technologies highest and lowest values attained during the given period.
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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.
Roger Fradin over two weeks ago via Macroaxis 
Acquisition by Roger Fradin of 685 shares of L3Harris Technologies subject to Rule 16b-3
Harry Harris over three weeks ago via Macroaxis 
Acquisition by Harry Harris of 685 shares of L3Harris Technologies subject to Rule 16b-3
Christopher Kubasik over two months ago via Macroaxis 
L3Harris Technologies exotic insider transaction detected
Scott Mikuen over two months ago via Macroaxis 
Acquisition by Scott Mikuen of 9668 shares of L3Harris Technologies subject to Rule 16b-3
James Girard over two months ago via Macroaxis 
Acquisition by James Girard of 6444 shares of L3Harris Technologies subject to Rule 16b-3
Sean Stackley over three months ago via Macroaxis 
Payment of 2389 shares by Sean Stackley of L3Harris Technologies subject to Rule 16b-3
Edward Zoiss over three months ago via Macroaxis 
Sale by Edward Zoiss of 4730 shares of L3Harris Technologies
Michelle Turner over three months ago via Macroaxis 
Acquisition by Michelle Turner of 6432 shares of L3Harris Technologies subject to Rule 16b-3
Harry Harris over three months ago via Macroaxis 
Acquisition by Harry Harris of 290 shares of L3Harris Technologies subject to Rule 16b-3
Jesus Malave over three months ago via Macroaxis 
Disposition of 14232 shares by Jesus Malave of L3Harris Technologies subject to Rule 16b-3
Sean Stackley over three months ago via Macroaxis 
Discretionary transaction by Sean Stackley of tradable shares of L3Harris Technologies subject to Rule 16b-3
Scott Mikuen over three months ago via Macroaxis 
Bona fide gift to Scott Mikuen of 527 shares of L3Harris Technologies subject to Section 16

L3Harris Technologies Predictive Daily 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.

L3Harris Technologies Forecast Models

L3Harris Technologies time-series forecasting models is one of many L3Harris Technologies' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary L3Harris Technologies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About L3Harris Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how L3Harris Technologies stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling L3Harris shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as L3Harris Technologies. By using and applying L3Harris Stock analysis, traders can create a robust methodology for identifying L3Harris entry and exit points for their positions.
Last ReportedProjected for 2022
EBITDA Margin 0.20  0.21 
Gross Margin 0.30  0.30 
Profit Margin 0.10  0.10 
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida. L3Harris Technologies operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 47000 people.

Current L3Harris Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. L3Harris analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. L3Harris analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
250.79Buy14Odds
L3Harris Technologies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most L3Harris analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand L3Harris stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of L3Harris Technologies, talking to its executives and customers, or listening to L3Harris conference calls.
L3Harris Analyst Advice Details

L3Harris Stock Analysis Indicators

L3Harris Technologies stock analysis indicators help investors evaluate how L3Harris Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading L3Harris Technologies shares will generate the highest return on investment. By understating and applying L3Harris Technologies stock analysis, traders can identify L3Harris Technologies position entry and exit signals to maximize returns.
Quick Ratio1.02
Trailing Annual Dividend Rate3.91
Fifty Two Week Low200.71
Revenue Growth-10.20%
Payout Ratio45.04%
Average Daily Volume Last 10 Day1.11M
Shares Short Prior Month2.46M
Average Daily Volume In Three Month1.38M
Earnings Growth8.70%
Shares Percent Shares Out1.24%
Earnings Quarterly Growth1.50%
Gross Margins30.16%
Forward Price Earnings16.21
Short Percent Of Float1.24%
Float Shares192.1M
Fifty Two Week High279.71
Fifty Day Average247.81
Enterprise Value To Ebitda14.70
Two Hundred Day Average230.74
Enterprise Value To Revenue3.02
Trailing Annual Dividend Yield1.68%
Additionally, see Stocks Correlation. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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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 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.
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Is L3Harris Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.