LHX - L3Harris Technologies Inc Stock Price, Fair Value and News

219.60USD+0.11 (+0.05%)Market Closed

Market Summary

USD219.60+0.11

Market Closed

0.05%

LHX Stock Price

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LHX RSI Chart

LHX Valuation

Market Cap

41.6B

Price/Earnings (Trailing)

35.49

Price/Sales (Trailing)

2.07

EV/EBITDA

56.48

Price/Free Cashflow

36.23

LHX Price/Sales (Trailing)

LHX Profitability

EBT Margin

5.65%

Return on Equity

6.28%

Return on Assets

2.81%

Free Cashflow Yield

2.76%

LHX Fundamentals

LHX Revenue

Revenue (TTM)

20.2B

Rev. Growth (Yr)

16.55%

Rev. Growth (Qtr)

-2.42%

LHX Earnings

Earnings (TTM)

1.2B

Earnings Growth (Yr)

-16.02%

Earnings Growth (Qtr)

79.11%

Breaking Down LHX Revenue

52 Week Range

160.95219.89

(Low)(High)

Last 7 days

3.9%

Last 30 days

6.5%

Last 90 days

4.6%

Trailing 12 Months

16.1%

How does LHX drawdown profile look like?

LHX Financial Health

Current Ratio

0.98

Debt/Equity

0.6

Debt/Cashflow

0.15

LHX Investor Care

Dividend Yield

2.09%

Dividend/Share (TTM)

4.58

Shares Dilution (1Y)

0.12%

Diluted EPS (TTM)

6.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	20.2B	0	0	0
2023	17.4B	18.0B	18.7B	19.4B
2022	17.4B	16.8B	16.8B	17.1B
2021	18.1B	18.4B	18.1B	17.8B
2020	15.8B	18.3B	18.4B	18.2B
2019	6.6B	6.8B	9.7B	12.9B
2018	6.0B	6.2B	6.3B	6.4B
2017	5.6B	5.9B	5.9B	6.0B
2016	5.4B	6.3B	5.9B	5.6B
2015	4.9B	3.9B	4.5B	5.1B
2014	5.0B	5.0B	5.0B	5.0B
2013	5.2B	5.1B	5.0B	5.0B
2012	5.2B	5.5B	5.4B	5.4B
2011	5.7B	5.4B	5.3B	5.2B
2010	5.0B	5.2B	5.4B	5.6B
2009	4.9B	5.0B	5.0B	4.9B
2008	0	4.6B	4.7B	4.8B

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Tracking the Latest Insider Buys and Sells of L3Harris Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 19, 2024	dattilo thomas a	acquired	-	-	924	-
Apr 19, 2024	hay lewis iii	acquired	-	-	924	-
Apr 19, 2024	zamarro christina l	acquired	-	-	924	-
Apr 19, 2024	geraghty joanna	acquired	-	-	924	-
Apr 19, 2024	fradin roger	acquired	-	-	924	-
Apr 19, 2024	harris harry b. jr	acquired	-	-	924	-
Apr 19, 2024	swanson william h	acquired	-	-	924	-
Apr 19, 2024	chiarelli peter w	acquired	-	-	924	-
Apr 19, 2024	hachigian kirk s	acquired	-	-	924	-
Apr 19, 2024	lane rita s.	acquired	-	-	924	-

Which funds bought or sold LHX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Cassaday & Co Wealth Management LLC	reduced	-4.15	-13,039	417,890	0.01%
May 08, 2024	RKL Wealth Management LLC	added	2.17	81,668	2,498,270	0.25%
May 08, 2024	EMERALD ADVISERS, LLC	reduced	-1.61	-3,595	795,076	0.03%
May 08, 2024	Hudson Value Partners, LLC	reduced	-57.69	-1,551,600	1,161,400	0.49%
May 08, 2024	Jackson, Grant Investment Advisers, Inc.	unchanged	-	206	17,687	0.01%
May 08, 2024	Bell Investment Advisors, Inc	added	8.77	1,207	13,213	-%
May 08, 2024	Cyrus J. Lawrence, LLC	new	-	7,135,000	7,135,000	1.58%
May 08, 2024	Sandy Spring Bank	added	20.98	762,440	4,166,460	0.19%
May 08, 2024	GREAT LAKES ADVISORS, LLC	added	4.3	274,124	5,235,920	0.04%
May 08, 2024	TrinityPoint Wealth, LLC	added	0.07	7,818	627,018	0.10%

Are Funds Buying or Selling LHX?

Are funds buying LHX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LHX

No. of Funds

Unveiling L3Harris Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	5.1%	9,584,760	SC 13G
Feb 09, 2024	capital world investors	8.5%	16,152,117	SC 13G/A
Jan 25, 2024	blackrock inc.	9.2%	17,403,276	SC 13G/A
Jan 10, 2024	vanguard group inc	10.65%	20,186,424	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	5.4%	10,364,874	SC 13G
Feb 13, 2023	capital world investors	7.1%	13,483,165	SC 13G/A
Feb 09, 2023	vanguard group inc	9.30%	17,699,032	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	15,019,303	SC 13G/A
Feb 11, 2022	capital world investors	7.6%	14,871,240	SC 13G
Feb 10, 2022	vanguard group inc	8.55%	16,782,733	SC 13G/A

Recent SEC filings of L3Harris Technologies Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	3	Insider Trading
May 01, 2024	S-8	Employee Benefits Plan
Apr 26, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	8-K	Current Report
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading

Peers (Alternatives to L3Harris Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BA	111.3B	76.4B	1.76%	-9.75%	-51.73	1.46	8.37%	47.92%
GD	81.2B	43.1B	2.47%	39.91%	24	1.88	8.09%	-0.18%
LHX	41.6B	20.2B	6.47%	16.11%	35.49	2.07	15.66%	26.95%
HWM	33.5B	6.9B	24.57%	85.34%	38.93	4.88	15.47%	76.95%
HEI	29.4B	3.2B	13.36%	24.70%	69.2	9.07	38.68%	18.86%
AXON	23.3B	1.7B	-0.70%	60.37%	88.93	13.88	31.69%	90.90%
HII	9.9B	11.6B	-8.92%	26.52%	14.04	0.85	7.53%	24.12%
MID-CAP
CW	10.6B	2.9B	8.88%	69.02%	28.36	3.62	11.39%	20.50%
BWXT	8.1B	2.5B	-8.34%	32.77%	32.11	3.21	11.52%	5.39%
AVAV	5.3B	705.8M	25.01%	76.89%	-49.33	7.47	44.89%	-1159.76%
SMALL-CAP
DCO	841.6M	766.6M	0.46%	16.90%	47.97	1.1	4.98%	-32.31%
SPCE	423.7M	8.4M	-12.82%	-75.54%	-0.95	50.48	194.12%	21.45%
ISSC	111.9M	37.6M	-10.22%	-2.29%	17.52	2.98	36.42%	25.49%
CODA	77.0M	642.5K	9.02%	-23.44%	32.67	106.77	-97.11%	-47.43%
ASTC	15.8M	2.0M	-6.65%	-17.17%	-1.54	7.92	371.33%	-13.01%

L3Harris Technologies Inc News

Latest updates

L3Harris Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.4%	5,211	5,340	4,915	4,693	4,471	4,578	4,246	4,135	4,103	4,350	4,229	4,668	4,567	4,660	4,463	4,445	4,626	4,832	4,431	1,865	1,728
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	928	999	349	310
S&GA Expenses	10.5%	970	878	828	783	773	771	742	744	745	795	793	891	801	831	817	855	812	882	999	349	310
EBITDA Margin	-16.2%	0.05*	0.05*	0.09*	0.05*	0.07*	0.08*	0.08*	0.14*	0.14*	0.13*	0.11*	0.10*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.9%	-176	-171	-159	-111	-102	-74.00	-70.00	-67.00	-68.00	-67.00	-67.00	-65.00	-66.00	-129	-62.00	-65.00	68.00	-353	67.00	39.00	43.00
Income Taxes	110.0%	5.00	-50.00	18.00	21.00	34.00	116	-20.00	55.00	61.00	104	107	169	60.00	63.00	87.00	58.00	26.00	68.00	5.00	33.00	40.00
Earnings Before Taxes	281.6%	290	76.00	400	372	373	533	-321	525	536	588	586	582	527	247	518	336	221	468	440	302	283
EBT Margin	-10.2%	0.06*	0.06*	0.09*	0.05*	0.06*	0.07*	0.08*	0.13*	0.13*	0.13*	0.11*	0.10*	-	-	-	-	-	-	-	-	-
Net Income	79.1%	283	158	383	349	337	416	-300	471	475	484	481	413	468	193	426	283	217	393	429	268	243
Net Income Margin	-7.9%	0.06*	0.06*	0.08*	0.04*	0.05*	0.06*	0.07*	0.11*	0.11*	0.10*	0.09*	0.08*	-	-	-	-	-	-	-	-	-
Free Cashflow	-133.6%	-219	652	395	321	279	711	524	687	-16.00	687	405	659	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.3%	41,816	41,687	42,293	35,362	35,507	33,524	33,381	34,138	34,444	34,709	35,018	36,064	36,590	36,960	37,145	37,852	38,105	38,336	38,947	10,117	9,792
Current Assets	2.6%	8,266	8,055	7,501	6,850	7,000	6,754	6,431	6,188	6,249	6,359	6,626	7,589	7,538	6,667	6,393	6,926	7,211	6,312	7,027	2,578	2,285
Cash Equivalents	-14.8%	477	560	499	366	545	880	529	420	402	941	1,126	2,029	976	1,276	1,341	1,947	663	824	1,001	530	334
Inventory	0.3%	1,476	1,472	1,638	1,555	1,541	1,291	1,339	1,241	1,090	982	1,024	872	904	973	894	859	990	1,219	1,339	360	433
Net PPE	-	-	-	-	-	-	-	-	-	-	-	2,044	2,026	2,136	2,102	2,047	2,015	2,032	2,117	2,073	894	904
Goodwill	0.5%	20,070	19,979	20,736	18,417	18,291	17,283	17,260	18,143	18,194	18,189	18,207	18,234	18,252	18,876	18,992	14,582	19,265	20,001	15,423	5,340	5,371
Liabilities	1.0%	23,086	22,858	23,577	16,831	17,099	14,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Liabilities	5.4%	8,437	8,004	8,482	6,309	6,151	5,776	5,853	4,884	4,737	4,551	4,313	4,464	4,231	4,240	4,666	4,587	5,123	4,009	4,718	2,268	1,606
Short Term Borrowings	37.5%	2,203	1,602	2,033	582	2.00	2.00	2.00	2.00	3.00	2.00	2.00	3.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	103	103
Long Term Debt	-0.2%	11,140	11,160	11,140	7,867	8,220	6,225	5,967	6,782	6,795	7,048	7,053	7,061	7,066	6,943	6,261	6,273	6,294	6,694	6,307	2,763	3,412
Shareholder's Equity	-0.5%	18,666	18,765	18,616	18,531	18,408	18,624	18,439	19,190	19,366	19,319	19,594	19,976	20,482	20,841	21,439	22,226	22,027	22,744	22,925	3,363	3,607
Retained Earnings	0.6%	3,239	3,220	3,278	3,111	2,998	2,943	2,768	3,312	3,128	2,917	2,743	2,633	2,529	2,347	2,383	2,250	2,151	2,183	2,019	2,173	1,986
Additional Paid-In Capital	-0.5%	15,472	15,553	15,470	15,391	15,407	15,677	15,744	15,814	16,089	16,248	16,847	17,863	18,487	19,008	19,310	20,260	20,182	20,694	21,288	1,778	1,720
Shares Outstanding	-0.2%	189	190	189	189	190	191	192	192	193	194	200	204	-	-	-	-	-	-	-	-	-
Minority Interest	0%	64.00	64.00	100	103	102	101	102	104	106	106	110	113	115	117	126	124	129	157	152	-	-
Float	-	-	-	-	37,362	-	-	-	46,385	-	-	-	44,062	-	-	-	36,994	-	-	-	22,331	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-113.2%	-104	789	543	414	350	782	588	749	39.00	822	484	720	661	698	757	802	533	858	81.00	311	405
Share Based Compensation	18.2%	26.00	22.00	22.00	22.00	23.00	17.00	23.00	41.00	28.00	29.00	33.00	34.00	33.00	23.00	31.00	24.00	16.00	-18.00	143	-28.50	37.00
Cashflow From Investing	-39.8%	-116	-83.00	-4,864	-26.00	-2,048	-62.00	-67.00	-57.00	-64.00	-6.00	93.00	1,368	-61.00	-47.00	-47.00	903	-58.00	-94.00	1,414	-55.00	-37.00
Cashflow From Financing	121.8%	144	-660	4,460	-567	1,361	-385	-392	-661	-513	-1,000	-1,476	-1,037	-900	-739	-1,331	-430	-612	-957	-1,014	-59.00	-380
Dividend Payments	3.7%	224	216	216	216	220	214	215	217	218	199	202	207	209	179	179	184	183	160	177	81.00	81.00
Buy Backs	-	233	-	-	122	396	183	171	421	308	800	1,325	850	700	440	1,150	-	700	750	750	-5.00	5.00

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LHX Income Statement

2024-03-29

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 29, 2024

Mar. 31, 2023

Income Statement [Abstract]

Revenue

$ 5,211

$ 4,471

Cost of revenue

(3,863)

(3,305)

General and administrative expenses

(970)

(773)

Operating income

378

393

Non-service FAS pension income and other, net

^[1]

Interest expense, net

(176)

(102)

Income from continuing operations before income taxes

290

373

Income taxes

(5)

(34)

Net income

285

339

Noncontrolling interests, net of income taxes

(2)

Net income attributable to L3Harris Technologies, Inc.

$ 283

$ 337

Net income per common share attributable to L3Harris Technologies, Inc. common shareholders

Basic (in dollars per share)

$ 1.49

$ 1.77

Diluted (in dollars per share)

$ 1.48

$ 1.76

Basic weighted-average common shares outstanding (in shares)

189.8

190.2

Diluted weighted-average common shares outstanding (in shares)

190.8

191.2

[1]	“FAS” is defined as Financial Accounting Standards.

LHX Balance Sheet

2024-03-29

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023
Current assets
Cash and cash equivalents	$ 477	$ 560
Receivables, net of allowances for collection losses of $13 and $15, respectively	1,209	1,230
Contract assets	3,502	3,196
Inventories	1,476	1,472
Other current assets	466	491
Assets of business held for sale	1,136	1,106
Total current assets	8,266	8,055
Non-current assets
Property, plant and equipment, net	2,836	2,862
Goodwill	20,070	19,979
Other intangible assets, net	8,340	8,540
Deferred income taxes	113	91
Other non-current assets	2,191	2,160
Total assets	41,816	41,687
Current liabilities
Short-term debt	2,203	1,602
Current portion of long-term debt, net	365	363
Accounts payable	2,112	2,106
Contract liabilities	1,777	1,900
Compensation and benefits	379	544
Other accrued items	1,174	1,129
Income taxes payable	182	88
Liabilities of business held for sale	245	272
Total current liabilities	8,437	8,004
Non-current liabilities
Long-term debt, net	11,140	11,160
Deferred income taxes	683	815
Other long-term liabilities	2,826	2,879
Total liabilities	23,086	22,858
Shareholders’ Equity:
Preferred stock, without par value; 1,000,000 shares authorized; none issued	0	0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 189,463,015 and 189,808,581 shares at March 29, 2024 and December 29, 2023, respectively	189	190
Paid-in capital	15,472	15,553
Retained earnings	3,239	3,220
Accumulated other comprehensive loss	(234)	(198)
Total shareholders’ equity	18,666	18,765
Noncontrolling interests	64	64
Total equity	18,730	18,829
Total liabilities and equity	$ 41,816	$ 41,687

About L3Harris Technologies Inc

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and platform control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides broadband communications; tactical radios, software-defined radios for key DoD network modernization programs and satellite communication terminals, and battlefield management networks for U.S. and international defense customers; integrated vision solutions, including helmet-mounted integrated night vision goggles; heads up displays along with Clip-on Weapon Sights, and weapon-mounted aiming lasers and range finders; and public safety radios, and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

CEO	Mr. Christopher E. Kubasik CPA, CPA
WEBSITE	l3harris.com
INDUSTRY	Aerospace & Defense
EMPLOYEES	46000

L3Harris Technologies Inc Frequently Asked Questions

What is the ticker symbol for L3Harris Technologies Inc? What does LHX stand for in stocks?

LHX is the stock ticker symbol of L3Harris Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of L3Harris Technologies Inc (LHX)?

As of Thu May 09 2024, market cap of L3Harris Technologies Inc is 41.63 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LHX stock?

You can check LHX's fair value in chart for subscribers.

What is the fair value of LHX stock?

You can check LHX's fair value in chart for subscribers. The fair value of L3Harris Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of L3Harris Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LHX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is L3Harris Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether LHX is over valued or under valued. Whether L3Harris Technologies Inc is cheap or expensive depends on the assumptions which impact L3Harris Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LHX.

What is L3Harris Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, LHX's PE ratio (Price to Earnings) is 35.49 and Price to Sales (PS) ratio is 2.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LHX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on L3Harris Technologies Inc's stock?

In the past 10 years, L3Harris Technologies Inc has provided 0.132 (multiply by 100 for percentage) rate of return.