L3Harris Stock Today

LHX -  USA Stock  

USD 229.40  7.25  3.06%

Market Performance
0 of 100
Odds Of Distress
Less than 12
L3Harris Technologies is trading at 229.40 as of the 26th of May 2022; that is -3.06 percent down since the beginning of the trading day. The stock's open price was 236.65. L3Harris Technologies has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for L3Harris Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of April 2022 and ending today, the 26th of May 2022. Click here to learn more.
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. The company has 196.22 M outstanding shares of which 2.39 M shares are now shorted by investors with about 2.23 days to cover. More on L3Harris Technologies
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L3Harris Technologies Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. L3Harris Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding L3Harris Technologies or challenge it. These highlights can help you better understand the position you are entering 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 Fama & French Electronic Equipment
Electronic Equipment
Fama & French Classification
L3Harris Technologies SEC Filings
L3Harris Technologies SEC Filings Security & Exchange Commission EDGAR Reports
Older SymbolHRS
ChairmanWilliam Brown  (View All)
Thematic Classification
Currently Active Investing Idea (view all)
Electronic Equipment
Average Analyst Recommendation
Analysts covering L3Harris Technologies report their recommendations after researching L3Harris Technologies' financial statements, talking to executives and customers, or listening in on L3Harris Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering L3Harris Technologies. The L3Harris consensus assessment is calculated by taking the average forecast from all of the analysts covering L3Harris Technologies.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of L3Harris Technologies based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of L3Harris Technologies financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 6 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares179.7 M196.2 M
Significantly Down
Decreasing
Slightly volatile
Weighted Average Shares Diluted108.4 M109 M
Slightly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations2.9 B2.7 B
Significantly Up
Increasing
Very volatile
Total Assets37.4 B34.7 B
Significantly Up
Decreasing
Stable
Total Liabilities12.5 B15.4 B
Significantly Down
Decreasing
Slightly volatile
Current Assets5.2 B6.4 B
Significantly Down
Decreasing
Slightly volatile
Current Liabilities3.7 B4.6 B
Significantly Down
Decreasing
Stable
Total Debt6.4 B7.8 B
Significantly Down
Decreasing
Slightly volatile
Return on Average Assets0.05070.052
Fairly Down
Increasing
Slightly volatile
Gross Margin0.30.302
Slightly Down
Increasing
Slightly volatile
Asset Turnover0.560.5
Moderately Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of L3Harris Technologies' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
L3Harris Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to L3Harris Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand L3Harris Technologies' financial leverage. It provides some insight into what part of L3Harris Technologies' total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on L3Harris Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how L3Harris Technologies deploys its capital and how much of that capital is borrowed.
L3Harris Technologies (LHX) is traded on New York Stock Exchange in USA. It is located in 1025 West NASA Boulevard and employs 47,000 people. L3Harris Technologies was previously known as L3HARRIS TECHNOLOGIES INC and was traded on New York Stock Exchange under the symbol HRS. L3Harris Technologies is listed under Electronic Equipment category by Fama And French industry classification. 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 Technologies runs under Industrials sector within Aerospace & Defense industry. The entity has 196.22 M outstanding shares of which 2.39 M shares are now shorted by investors with about 2.23 days to cover. L3Harris Technologies has about 402 M in cash with 2.06 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.08.
Check L3Harris Technologies Probability Of Bankruptcy
Ownership
L3Harris Technologies maintains a total of one hundred ninety-six million two hundred twenty thousand outstanding shares. The majority of L3Harris Technologies outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in L3Harris Technologies to benefit from reduced commissions. Therefore, institutional holders are subject to a different set of regulations than regular investors in L3Harris Technologies. Please pay attention to any change in the institutional holdings of L3Harris Technologies as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company has, if the real value of the entity is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check L3Harris Ownership Details

L3Harris Stock Price Odds Analysis

What are L3Harris Technologies' target price odds to finish over the current price? Based on a normal probability distribution, the odds of L3Harris Technologies jumping above the current price in 90 days from now is under 95%. The L3Harris Technologies probability density function shows the probability of L3Harris Technologies stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon L3Harris Technologies has a beta of 0.1688. This indicates as returns on the market go up, L3Harris Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding L3Harris Technologies will be expected to be much smaller as well. Additionally, the company has an alpha of 0.1488, implying that it can generate a 0.15 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 229.4HorizonTargetOdds Above 229.4
5.64%90 days
 229.40 
94.28%
Based on a normal probability distribution, the odds of L3Harris Technologies to move above the current price in 90 days from now is under 95 (This L3Harris Technologies probability density function shows the probability of L3Harris Stock to fall within a particular range of prices over 90 days) .

L3Harris Stock Institutional Holders

Institutional Holdings refers to the ownership stake in L3Harris Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of L3Harris Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing L3Harris Technologies' value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares17 M4.2 B
Capital World InvestorsCommon Shares15 M3.7 B
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L3Harris Technologies Historical Income Statement

L3Harris Technologies Income Statement is one of the three primary financial statements used for reporting L3Harris's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of L3Harris Technologies revenue and expense. L3Harris Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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L3Harris Stock Against Markets

Picking the right benchmark for L3Harris Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in L3Harris Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for L3Harris Technologies is critical whether you are bullish or bearish towards L3Harris Technologies at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in L3Harris Technologies without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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L3Harris Technologies Corporate Directors

L3Harris Technologies corporate directors refer to members of a L3Harris Technologies board of directors. The board of directors generally takes responsibility for the L3Harris Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of L3Harris Technologies' board members must vote for the resolution. The L3Harris Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Harry Harris - Independent DirectorProfile
Roger Fradin - Independent DirectorProfile
James Albaugh - Independent DirectorProfile
Terry Growcock - Independent DirectorProfile

Investing L3Harris Technologies

You need to understand the risk of investing before taking a position in L3Harris Technologies. The danger of trading L3Harris Technologies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of L3Harris Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than L3Harris Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile L3Harris Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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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.