L3Harris Technologies Stock in Focus

Shares of L3Harris Technologies have moved -0.7% today, and are now trading at a price of $196.59. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 321,411 compared to the stock's average volume of 1,073,517.

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. Based in Melbourne, United States the company has 46,000 full time employees and a market cap of $37,343,645,696. L3Harris Technologies currently offers its equity investors a dividend that yields 2.3% per year.

The company is now trading -20.88% away from its average analyst target price of $248.47 per share. The 19 analysts following the stock have set target prices ranging from $169.0 to $338.0, and on average give L3Harris Technologies a rating of buy.

Over the last year, LHX shares have gone down by -14.8%, which represents a difference of -15.0% when compared to the S&P 500. The stock's 52 week high is $255.1 per share and its 52 week low is $189.73. With its gross margins declining an average -0.4% over the last 4 years, L3Harris Technologies may not have a strong enough business to reverse this trend.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 17,062,000 12,135,000 28.88 -4.31
2021-12-31 17,814,000 12,438,000 30.18 3.46
2020-12-31 18,194,000 12,886,000 29.17 -0.48
2019-12-31 12,856,000 9,088,000 29.31 n/a
2019-06-30 6,801,000 4,467,000 n/a n/a
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