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L3Harris Technologies Inc Stock Research

LHX

196.24USD+1.52(+0.78%)Market Closed

Market Summary

USD196.24+1.52
Market Closed
0.78%

LHX Stock Price

LHX RSI Chart

LHX Valuation

Market Cap

37.4B

Price/Earnings (Trailing)

35.22

Price/Sales (Trailing)

2.19

EV/EBITDA

32.22

Price/Free Cashflow

19.63

LHX Price/Sales (Trailing)

LHX Profitability

EBT Margin

7.46%

Return on Equity

5.73%

Return on Assets

3.17%

Free Cashflow Yield

5.1%

LHX Fundamentals

LHX Revenue

Revenue (TTM)

17.1B

Revenue Y/Y

5.24%

Revenue Q/Q

7.82%

LHX Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-14.05%

Earnings Q/Q

238.67%

Price Action

52 Week Range

189.73260.86
(Low)(High)

Last 7 days

1.6%

Last 30 days

-6.6%

Last 90 days

-5.7%

Trailing 12 Months

-19.9%

LHX Financial Health

Current Ratio

1.17

Debt/Equity

0.34

Debt/Cashflow

0.35

LHX Investor Care

Dividend Yield

2.28%

Dividend/Share (TTM)

4.48

Buy Backs (1Y)

1.50%

Diluted EPS (TTM)

5.49

Peers (Alternatives to L3Harris Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
BA
126.6B
66.6B
 3.85% 10.93%
-25.65
1.9
 6.94% -17.44%
LMT
123.9B
66.0B
 -0.34% 7.77%
21.61
1.88
 -1.58% -9.23%
NOC
70.7B
36.6B
 -0.18% 4.34%
14.44
1.93
 2.62% -30.11%
TDG
42.1B
5.6B
 -1.85% 13.12%
45.2
7.47
 15.29% 17.40%
LHX
37.4B
17.1B
 -6.59% -19.86%
35.22
2.19
 -4.22% -42.47%
MID-CAP
HEI
9.7B
2.3B
 -0.22% 11.40%
27.48
4.38
 20.68% 11.62%
HII
8.3B
10.7B
 -4.04% 5.48%
14.27
0.77
 12.10% 6.43%
BWXT
5.8B
2.2B
 1.14% 18.48%
24.19
2.58
 5.12% -22.13%
SPR
2.4B
5.0B
 2.83% -29.37%
-5.96
0.54
 27.24% -0.91%
AVAV
2.3B
487.1M
 8.14% -2.63%
-295.33
4.75
 8.46% -5840.15%
SMALL-CAP
AIR
1.6B
1.8B
 -1.16% 12.64%
17.55
0.87
 6.02% 23.12%
TGI
753.3M
1.4B
 -6.91% -54.15%
7.8
0.55
 -10.88% 191.35%
DCO
662.3M
712.5M
 -1.69% 4.43%
23.01
0.93
 10.40% -78.76%
ATRO
292.4M
492.8M
 -12.11% 3.33%
-14.86
0.62
 11.07% 41.98%
PKE
275.3M
53.0M
 -18.53% 4.81%
34.5
5.19
 -4.49% 5.85%

Financials for L3Harris Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.4%17,06216,83416,81717,35017,814
  S&GA Expenses0.1%2,9982,9943,0453,1923,280
EBITDA-4.6%1,3271,3912,3042,358-
EBITDA Margin-5.9%0.08*0.08*0.14*0.14*-
Earnings Before Taxes-4.1%1,2731,3282,2352,2922,283
EBT Margin-5.4%0.07*0.08*0.13*0.13*-
Interest Expenses-2.6%-279-272-269-267-265
Net Income-6.0%1,0621,1301,9111,8531,846
Net Income Margin-7.3%0.06*0.07*0.11*0.11*-
Free Cahsflow1.3%1,9061,8821,7631,735-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.4%33,52433,38134,13834,44434,709
  Current Assets5.0%6,7546,4316,1886,2496,359
    Cash Equivalents66.4%880529420402941
  Inventory-3.6%1,2911,3391,2411,090982
  Goodwill0.1%17,28317,26018,14318,19418,189
  Current Liabilities-1.3%5,7765,8534,8844,7374,551
.    Short Term Borrowings0%2.002.002.003.002.00
  Long Term Debt4.3%6,2255,9676,7826,7957,048
    LT Debt, Non Current-7,048----
Shareholder's Equity1.0%18,52318,33719,19019,36519,213
  Retained Earnings6.3%2,9432,7683,3123,1282,917
  Additional Paid-In Capital-0.4%15,67715,74415,81416,08916,248
Shares Outstanding-0.3%191191192193194
Minority Interest-1.0%101102104106106
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-1.8%2,1582,1982,0942,0652,687
  Share Based Compensation-9.9%109121131124129
Cashflow From Investing-28.9%-250-194-34.001,3911,394
Cashflow From Financing24.0%-1,951-2,566-3,650-4,026-4,413
  Dividend Payments1.8%864849836826817
  Buy Backs-36.3%1,0831,7002,8543,2833,675

Risks for LHX

What is the probability of a big loss on LHX?

51.5%

Probability that L3Harris Tech stock will be more than 20% underwater in next one year

18.5%

Probability that L3Harris Tech stock will be more than 30% underwater in next one year.

0%

Probability that L3Harris Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LHX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if L3Harris Tech was unfortunately bought at previous high price.

Drawdowns

Returns for LHX

Cumulative Returns on LHX

17.9%

10-Year Cumulative Returns

16.2%

7-Year Cumulative Returns

5.8%

5-Year Cumulative Returns

4.7%

3-Year Cumulative Returns

What are the long-term rolling returns for LHX?

FIve years rolling returns for L3Harris Tech.

Annualized Returns

Which funds bought or sold LHX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-28
Prostatis Group LLC
new
-
272,611
272,611
 0.17%
2023-03-27
Neo Ivy Capital Management
new
-
482,000
482,000
 0.33%
2023-03-23
MetLife Investment Management, LLC
reduced
-2.16
-208,889
10,351,800
 0.08%
2023-03-17
American Portfolios Advisors
reduced
-0.42
-181,471
1,081,340
 0.05%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
8.66
173,104
2,132,100
 0.06%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
-299
12,701
 -%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
0.84
1,406,010
138,839,000
 0.15%
2023-03-10
MATHER GROUP, LLC.
sold off
-100
-218,000
-
 -%
2023-03-06
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
unchanged
-
767
331,767
 0.13%
2023-03-06
Rockefeller Capital Management L.P.
added
4.93
437,000
8,961,000
 0.04%

1–10 of 47

Latest Funds Activity

Are funds buying LHX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LHX
No. of Funds

L3Harris Tech News

Business Wire

L3Harris Technologies Appoints New Country Leader in Australia.

Business Wire,
20 months ago

WOLF STREET

Biggest Share Buyback Queens in Q3: Tech and Buffett. The Banks ....

WOLF STREET,
2 years ago

Schedule 13G FIlings of L3Harris Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 01, 2022
blackrock inc.
6.3%
12,280,012
SC 13G/A
Feb 10, 2021
vanguard group inc
8.24%
17,310,496
SC 13G/A
Jan 29, 2021
blackrock inc.
8.0%
16,868,838
SC 13G/A
Feb 14, 2020
price t rowe associates inc /md/
4.4%
9,883,445
SC 13G/A

LHX Fair Value

L3Harris Tech fair value in different scenarios

The table shows the Fair Value estimates for L3Harris Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

96.77

-50.69%

156.47

-20.27%

305.13

55.49%

543.25

176.83%

877.96

347.39%
Current Inflation

88.42

-54.94%

140.19

-28.56%

266.49

35.80%

465.55

137.24%

745.24

279.76%
Very High Inflation

78.13

-60.19%

120.61

-38.54%

221.28

12.76%

376.55

91.88%

594.67

203.03%

Historical L3Harris Tech Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of L3Harris Tech

View All Filings
Date Filed Form Type Document
Mar 16, 2023
8-K
Current Report
Mar 10, 2023
ARS
ARS
Mar 10, 2023
DEF 14A
DEF 14A
Mar 10, 2023
DEFA14A
DEFA14A
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
8-K
Current Report
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for LHX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Rice Edward A Jr
acquired
-
-
130
-
2023-02-28
Stackley Sean J
acquired
-
-
2,023
sr. vp strategy, growth & tech
2023-02-28
MIKUEN SCOTT T
acquired
-
-
1,834
sr vp-general counsel & secy
2023-02-28
KUBASIK CHRISTOPHER E
acquired
-
-
12,960
chair and ceo
2023-02-28
KUBASIK CHRISTOPHER E
sold (taxes)
-1,077,070
211
-5,100
chair and ceo
2023-02-28
MIKUEN SCOTT T
sold (taxes)
-139,174
211
-659
sr vp-general counsel & secy
2023-02-28
GIRARD JAMES P
acquired
-
-
1,265
vice president & chro
2023-02-28
ZOISS EDWARD J
acquired
-
-
2,023
pres., space & airborne sys.
2023-02-28
Stackley Sean J
sold (taxes)
-205,065
211
-971
sr. vp strategy, growth & tech
2023-02-28
ZOISS EDWARD J
sold (taxes)
-168,318
211
-797
pres., space & airborne sys.

1–10 of 50

About L3Harris Tech

Christopher E. Kubasik
www.harris.com
47000
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 ship 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 tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. 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.

LHX Income Statement

2022-12-30
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Revenue from product sales and services   
Revenue$ 17,062$ 17,814$ 18,194
Cost of product sales and services   
Cost of revenue(12,135)(12,438)(12,886)
Engineering, selling and administrative expenses(2,998)(3,280)(3,315)
Business divestiture-related gains (losses), net0220(51)
Impairment of goodwill and other assets(802)(207)(767)
Non-operating income, net425439401
Net interest expense(279)(265)(254)
Income from continuing operations before income taxes1,2732,2831,322
Income taxes(212)(440)(234)
Income from continuing operations1,0611,8431,088
Discontinued operations, net of income taxes0(1)(2)
Net income1,0611,8421,086
Noncontrolling interests, net of income taxes1433
Net income attributable to L3Harris Technologies, Inc.1,0621,8461,119
Amount attributable to L3Harris Technologies, Inc. common shareholders   
Income from continuing operations1,0621,8471,121
Discontinued operations, net of income taxes0(1)(2)
Net income attributable to L3Harris Technologies, Inc.$ 1,062$ 1,846$ 1,119
Basic   
Continuing operations (in dollars per share)$ 5.54$ 9.17$ 5.24
Discontinued operations (in dollars per share)00(0.01)
Total basic net income per common share (in dollars per share)5.549.175.23
Diluted   
Diluted (in dollars per share)$ 5.49$ 9.09$ 5.19
Product   
Revenue from product sales and services   
Revenue$ 12,097$ 13,156$ 13,581
Cost of product sales and services   
Cost of revenue(8,355)(9,007)(9,464)
Services   
Revenue from product sales and services   
Revenue4,9654,6584,613
Cost of product sales and services   
Cost of revenue$ (3,780)$ (3,431)$ (3,422)

LHX Balance Sheet

2022-12-30
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 880$ 941
Receivables, net1,2511,045
Contract assets2,9873,021
Inventories1,291982
Income taxes receivable4098
Other current assets258272
Assets of business held for sale470
Total current assets6,7546,359
Non-current Assets  
Property, plant and equipment, net2,1042,101
Operating lease right-of-use assets756769
Goodwill17,28318,189
Other intangible assets, net6,0016,640
Deferred income taxes7385
Other non-current assets553566
Total non-current assets26,77028,350
Total assets33,52434,709
Current Liabilities  
Short-term debt22
Accounts payable1,9451,767
Contract liabilities1,4001,297
Compensation and benefits398444
Other accrued items8181,002
Income taxes payable37628
Current portion of long-term debt, net81811
Liabilities of business held for sale190
Total current liabilities5,7764,551
Non-current Liabilities  
Defined benefit plans262614
Operating lease liabilities741768
Long-term debt, net6,2257,048
Deferred income taxes7191,344
Other long-term liabilities1,1771,065
Total non-current liabilities9,12410,839
Shareholders’ Equity:  
Preferred stock, without par value; 1,000,000 shares authorized; none issued00
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 190,611,458 and 193,511,401 shares at December 30, 2022 and December 31, 2021, respectively191194
Other capital15,67716,248
Retained earnings2,9432,917
Accumulated other comprehensive loss(288)(146)
Total shareholders’ equity18,52319,213
Noncontrolling interests101106
Total equity18,62419,319
Total liabilities and equity$ 33,524$ 34,709