Shares of L3Harris Technologies have moved -1.7% today, and are now trading at a price of $177.12. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 867,350 compared to the stock's average volume of 1,186,007.
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 $33,499,234,304. L3Harris Technologies currently offers its equity investors a dividend that yields 2.5% per year.
The company is now trading -22.73% away from its average analyst target price of $229.22 per share. The 18 analysts following the stock have set target prices ranging from $164.0 to $338.0, and on average give L3Harris Technologies a rating of buy.
Over the last 12 months LHX shares have declined by -23.0%, which represents a difference of -46.0% when compared to the S&P 500. The stock's 52 week high is $255.1 per share and its 52 week low is $160.25. With its net margins declining an average -6.0% over the last 6 years, L3Harris Technologies declining profitability gives us reason to believe its stock price will continue to underwhelm.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-24 | 17,062,000 | 1,062,000 | 6 | -40.0 |
| 2022-02-25 | 17,814,000 | 1,846,000 | 10 | 66.67 |
| 2021-03-01 | 18,194,000 | 1,119,000 | 6 | -33.33 |
| 2020-02-25 | 9,263,000 | 822,000 | 9 | -25.0 |
| 2018-12-31 | 6,182,000 | 718,000 | 12 | 33.33 |
| 2017-12-31 | 5,900,000 | 553,000 | 9 |
