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LHX

230.00USD+4.61(+2.05%)Market Closed

L3Harris Technologies Inc

Market Summary

USD230.00+4.61Market Closed
2.05%

LHX Alerts

LHX Stock Price

RSI Chart

Valuation

Market Cap

47.6B

Price/Earnings

24.91

Price/Sales

2.83

Price/Cashflow

22.73

MarketCap/EBT

21.3

Price/Sales

Profitability

EBT Margin

13.29%

Return on Equity

10.01%

Return on Assets

5.6%

Fundamentals

Revenue

Revenue (TTM)

16.8B

Revenue Y/Y

0.4%

Revenue Q/Q

2.68%

Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-162.37%

Earnings Q/Q

-163.69%

Price Action

52 Week Range

274.44
(Low)(High)

Last 7 days

0.6%

Last 30 days

-3.2%

Last 90 days

1.8%

Trailing 12 Months

11.0%

Financial Health

Current Ratio

1.27

Debt/Equity

0.36

Debt/Cashflow

0.31

Investor Care

Dividend Yield

1.15%

Dividend/Share (TTM)

2.74

Buy Backs (1Y)

2.97%

Diluted EPS (TTM)

9.7

Peers (Alternatives to L3Harris Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
127.1B
64.7B
2.94% 52.11%
21.65
1.96
-2.45% -3.12%
85.4B
61.4B
24.06% -9.64%
-10.12
1.39
-2.19% 0.41%
84.5B
35.2B
3.23% 57.01%
15.28
2.4
-5.46% 19.48%
47.6B
16.8B
-3.20% 11.02%
24.91
2.83
-7.12% -27.33%
31.5B
5.4B
11.50% 6.84%
38.99
6.07
13.15% 27.35%
10.3B
10.3B
-4.65% 38.05%
17.57
1
7.03% -21.79%
MID-CAP
8.9B
2.1B
5.39% 18.69%
26.19
4.23
18.27% 21.41%
5.2B
2.2B
9.58% 31.31%
16.88
2.41
5.34% 22.51%
2.4B
4.5B
16.00% -28.03%
-5.96
0.54
25.01% 46.08%
2.3B
453.2M
7.55% 16.83%
-538.24
4.97
10.96% -117.93%
SMALL-CAP
1.6B
1.8B
11.54% 41.76%
17.55
0.87
6.13% 45.47%
599.0M
1.4B
30.95% -28.78%
-26.33
0.42
-17.24% 151.28%
576.6M
689.1M
11.27% 17.96%
4.35
0.87
7.95% 282.89%
292.4M
492.8M
1.22% -11.36%
-14.86
0.62
11.07% 41.98%
246.3M
52.8M
9.17% 4.58%
32.29
4.67
10.72% 34.98%

Financials for L3Harris Tech

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.1%16,83416,81717,35017,81418,124
  S&GA Expenses-1.7%2,9943,0453,1923,2803,316
Earnings Before Taxes-40.6%1,3282,2352,2922,2831,942
Net Income-40.9%1,1301,9111,8531,8461,555
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.2%33,38134,13834,44434,70935,018
  Current Assets3.9%6,4316,1886,2496,3596,626
    Cash Equivalents26.0%5294204029411,126
  Inventory7.9%1,3391,2411,0909821,024
  Net PPE-2,044----
  Goodwill-4.9%17,26018,14318,19418,18918,207
  Current Liabilities19.8%5,8534,8844,7374,5514,313
.    Short Term Borrowings0%22322
  Long Term Debt-12.0%5,9676,7826,7957,0487,053
    LT Debt, Non Current-7,048----
Shareholder's Equity-3.4%18,43919,08619,26019,21319,484
  Retained Earnings-16.4%2,7683,3123,1282,9172,743
  Additional Paid-In Capital-1.7%15,81416,08916,24816,847-
Shares Outstanding-0.2%191192193194197
Minority Interest-1.9%102104106106110
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations5.0%2,1982,0942,0652,6872,563
  Share Based Compensation-7.6%121131124129123
Cashflow From Investing-470.6%-194.00-34.001,3911,3941,353
Cashflow From Financing29.7%-2,566.00-3,650.00-4,026.00-4,413.00-4,152.00
  Dividend Payments1.2%836826817797
  Buy Backs-40.4%1,7002,8543,2833,6753,315

Risks

What is the probability of a big loss on LHX?

45%


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.

Returns

Cumulative Returns on LHX

19.5%


10-Year Cumulative Returns

17.6%


7-Year Cumulative Returns

11.9%


5-Year Cumulative Returns

7.7%


3-Year Cumulative Returns

What are the long-term rolling returns for LHX?

FIve years rolling returns for L3Harris Tech.

Which funds bought or sold LHX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
10.2
-117,000
2,107,000
0.09%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-3,729
26,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
REDUCED
-32.04
-1,393,000
1,959,000
0.06%
2022-11-22
IHT Wealth Management, LLC
NEW
-
236,000
236,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
6,000
20,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
3,714,000
3,714,000
0.04%
2022-11-21
Parallax Volatility Advisers, L.P.
UNCHANGED
-
-
1,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-11,913,000
67,742,000
0.11%
2022-11-21
DEARBORN PARTNERS LLC
-
-
-46,000
400,000
0.02%
2022-11-21
ST GERMAIN D J CO INC
-
-
-
2,010,000
0.13%

1–10 of 46

Latest Funds Activity

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

L3Harris Tech News

Barchart

Stocks Recover Most of Their Losses as Bond Yields Erase an Early Surge.23 hours ago

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

164.41

-28.52%

225.96

-1.76%

505.55

119.80%

883.14

283.97%

1162.16

405.29%

Current Inflation

148.95

-35.24%

200.55

-12.80%

436.34

89.71%

755.84

228.63%

987.75

329.46%

Very High Inflation

130.13

-43.42%

170.50

-25.87%

356.74

55.10%

610.33

165.36%

789.94

243.45%

Historical L3Harris Tech Fair Value Estimates


Recent SEC filings of L3Harris Tech

View All Filings
Date Filed Form Type Document
Nov 28, 2022
8-K
Current Report
Nov 09, 2022
4
Insider Trading
Nov 03, 2022
4
Insider Trading
Nov 02, 2022
4
Insider Trading
Oct 31, 2022
10-Q
Quarterly Report
Oct 27, 2022
8-K
Current Report
Oct 24, 2022
3
Insider Trading
Oct 18, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading

Latest Insider Trading transactions for LHX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-08
GIRARD JAMES P
SOLD
-1,146,900
229.38
-5,000
Vice President & CHRO
2022-10-31
KUBASIK CHRISTOPHER E
ACQUIRED
1,944,800
97.24
20,000
Chair and CEO
2022-10-31
KUBASIK CHRISTOPHER E
SOLD
-4,904,400
245.22
-20,000
Chair and CEO
2022-10-17
GIRARD JAMES P
ACQUIRED
993,062
79.7
12,460
Vice President & CHRO
2022-10-17
GIRARD JAMES P
SOLD
-2,741,200
220
-12,460
Vice President & CHRO
2022-09-08
DATTILO THOMAS A
ACQUIRED
-
-
100
-
2022-09-02
ZOISS EDWARD J
ACQUIRED
908,400
90.84
10,000
Pres., Space & Airborne Sys.
2022-09-02
ZOISS EDWARD J
SOLD
-2,300,000
230
-10,000
Pres., Space & Airborne Sys.
2022-08-19
MIKUEN SCOTT T
SOLD
-2,026,860
237.95
-8,518
Sr VP-General Counsel & Secy
2022-08-15
GIRARD JAMES P
SOLD
-1,800,000
240
-7,500
Vice President & CHRO

1–10 of 50

Christopher E. Kubasik
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

2022-09-30
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Income Statement [Abstract]    
Revenue from product sales and services$ 4,246$ 4,229$ 12,484$ 13,464
Cost of product sales and services(3,052)(2,921)(8,819)(9,385)
Engineering, selling and administrative expenses(742)(793)(2,231)(2,485)
Business divestiture-related gains, net0270192
Impairment of goodwill and other assets(802)0(802)(207)
Non-operating income, net99111313314
Interest expense, net(70)(67)(205)(198)
(Loss) income from continuing operations before income taxes(321)5867401,695
Income taxes20(107)(96)(336)
(Loss) income from continuing operations(301)4796441,359
Discontinued operations, net of income taxes000(1)
Net (loss) income(301)4796441,358
Noncontrolling interests, net of income taxes1224
Net (loss) income attributable to L3Harris Technologies, Inc.(300)4816461,362
Amount attributable to L3Harris Technologies, Inc. common shareholders, basic    
Net income (loss) from continuing operations, basic(300)4816461,363
Discontinued operations, net of income taxes, basic000(1)
Net Income (Loss), basic(300)4816461,362
Amount attributable to L3Harris Technologies, Inc. common shareholders, diluted    
Net income (loss) from continuing operations, diluted(300)4816461,363
Discontinued operations, net of income taxes, diluted000(1)
Net Income (Loss), diluted$ (300)$ 481$ 646$ 1,362
Net (loss) income per common share attributable to L3Harris Technologies, Inc. common shareholders    
Basic (in dollars per share)$ (1.56)$ 2.41$ 3.36$ 6.70
Diluted (in dollars per share)$ (1.56)$ 2.39$ 3.33$ 6.64
Basic weighted average common shares outstanding (in shares)191.3199.5192.2203.3
Diluted weighted average common shares outstanding (in shares)191.3201.6194.0205.2

LHX Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 529$ 941
Receivables, net1,1381,045
Contract assets3,1353,021
Inventories1,339982
Inventory prepayments2248
Income taxes receivable4498
Other current assets224224
Total current assets6,4316,359
Non-current Assets  
Property, plant and equipment, net2,0922,101
Operating lease right-of-use assets762769
Goodwill17,26018,189
Other intangible assets, net6,1486,640
Deferred income taxes8485
Other non-current assets604566
Total non-current assets26,95028,350
Total assets33,38134,709
Current Liabilities  
Short-term debt22
Accounts payable2,0781,767
Contract liabilities1,1581,297
Compensation and benefits349444
Other accrued items1,0021,002
Income taxes payable20128
Current portion of long-term debt, net1,06311
Total current liabilities5,8534,551
Non-current Liabilities  
Defined benefit plans346614
Operating lease liabilities745768
Long-term debt, net5,9677,048
Deferred income taxes8761,344
Other long-term liabilities1,1551,065
Total non-current liabilities9,08910,839
Shareholders’ Equity:  
Preferred stock, without par value; 1,000,000 shares authorized; none issued00
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 191,089,930 and 193,511,401 shares at September 30, 2022 and December 31, 2021, respectively191194
Other capital15,74416,248
Retained earnings2,7682,917
Accumulated other comprehensive loss(366)(146)
Total shareholders’ equity18,33719,213
Noncontrolling interests102106
Total equity18,43919,319
Total liabilities and equity$ 33,381$ 34,709