How to Buy L3harris Technologies Stock
L3harris Technologies Inc
L3Harris Technologies, Inc. , an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide.
L3harris Technologies stock last closed at $201.40, up 0.53% from the previous day, and has decreased 0.54% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 0.03 percentage points. L3harris Technologies stock is currently +25.68% from its 52-week low of $160.25, and -7.76% from its 52-week high of $218.34.
At the moment, there are 190.11M shares of LHX outstanding. The market capitalization of LHX is $38.29B. In the past 24 hours, 895,280 LHX shares were traded.
How to Buy L3harris Technologies Stock
Not sure how to invest in L3harris Technologies stock? Here's how.
- Decide where to buy L3harris Technologies stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy L3harris Technologies stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- Research L3harris Technologies stock: The L3harris Technologies ticker symbol is LHX. Is L3harris Technologies stock a good investment? Should you buy shares of LHX? How do LHX's underlying business fundamentals look? Do top analysts think L3harris Technologies is a good buy? Why has LHX's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if LHX is a good stock to buy).
- Place your LHX buy order: Decide if you will purchase LHX shares at the current market price or use a limit order to buy LHX shares at a given price.
- Get updates on your LHX investment: Create a watchlist to get the latest news on your new investment in L3harris Technologies stock.
Step 1: Decide where to buy L3harris Technologies stock
You will need a brokerage account to access the NYSE market and buy LHX shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you are able to invest in LHX stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
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Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on stock market app, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your brokerage account.
Step 4: Research L3harris Technologies stock
After you have chosen the best place to buy L3harris Technologies stock, it's crucial to research their stock prior to investing, so you can wrap your head around the risk and opportunity.
L3harris Technologies Numbers
Fundamentals of LHX
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on LHX's stock page.
How is LHX stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LHX's intrinsic value.
Using relative valuations metrics:
- LHX could be overvalued based on its P/E ratio of 31.13x, relative to Aerospace & Defense industry P/E ratio of 24.27x
- LHX could be undervalued based on its P/B ratio of 2.04x, relative to Aerospace & Defense industry P/B ratio of 5.28x
- LHX could be undervalued based on its PEG ratio of 0.36x
You can do more valuation research on LHX's stock here.
LHX Financial Health Summary
Positive Financial Indicators:
- Total LHX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the LHX balance sheet.
- LHX profit margin has gone up from 6.2% to 6.3% in the past year.
Negative Financial Indicators:
- LHX has a relatively high debt to equity ratio of 1.22.
- There are more long-term liabilities than short-term assets on the LHX balance sheet.
- LHX's operating cash flow of $2.10B allows it to safely service it's debt of $13.13B.
- LHX earnings of $1.79B is not sufficient to cover its interest payments.
Is it a good time to buy LHX stock, according to Wall Street analysts?
Out of 9 sell side analysts who monitor LHX, the consensus analyst rating on LHX is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest LHX Analyst Forecasts
Seth Seifman, a top 18% analyst from JP Morgan upgrades LHX to a strong buy rating and announces their LHX price target of $240.00, on Jan 11, 2024.
Scott Deuschle, a top 12% analyst from Deutsche Bank upgrades LHX to a strong buy rating and raises their LHX price target from $184.00 to $240.00, on Dec 15, 2023.
Deutsche Bank's Scott Deuschle upgraded their rating on L3harris Technologies (NYSE: LHX) from Hold to Strong Buy on 2023/12/15. The analyst also raised their price target by 30.4% from $184 to $240.
Deuschle explained that they upgraded the stock and raised their price target because they see "three bifurcations in L3Harris Technologies relative equity story:"
- The company is set to meaningfully expand margins over the next three years while peers have a comparatively flattish outlook.
- L3Harris Technologies is increasingly moving beyond the factors pressuring its equity story, whereas several large-cap peers face mounting challenges.
- The stock trades at a discount to peers despite a "clear-cut margin upside story and shrinking relative downside risk."
Michael Ciarmoli, a top 7% analyst from Truist Securities maintains LHX with a strong buy rating and raises their LHX price target from $224.00 to $250.00, on Dec 14, 2023.
Peter Arment, a top 11% analyst from Baird upgrades LHX to a buy rating and raises their LHX price target from $198.00 to $216.00, on Oct 31, 2023.
You can dig deeper into what analysts are projecting on the L3harris Technologies stock forecast page.
LHX Trading Indicators
LHX Earnings
Last year, LHX earnings were $1.23B. Over the last 5 year, LHX's earnings have increased by -2.03% per year. This was slower than the Aerospace & Defense industry average of -0.09%.
Last year, LHX revenue was $19.42B. In the last five year, LHX's revenue has grown by 24.74% per year. This was faster than the Aerospace & Defense industry average of 7.72%.
Learn more about LHX's earnings and revenue performance here.
Are LHX executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at LHX have sold more shares than they have bought.
Peter W. Chiarelli, Director of LHX, was the latest LHX insider to buy. They bought $4,797.00 worth of LHX stock on Apr 1, 2024.
Get more info about who owns LHX shares here.
Can I rely on LHX as an income stream?
L3harris Technologies pays a dividend of 2.27%, compared to the Aerospace & Defense industry's average dividend yield of 1.58%. If you owned $1,000 worth of LHX stock, you would have received $22.74 in the past 12 months.
L3harris Technologies dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about L3harris Technologies dividend yield and history here.
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Step 5: Place your LHX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your LHX investment
Now that you own some shares in LHX, you'll want to keep up with your new company.
Put LHX on a watchlist to track the latest developments regarding your LHX stock.
LHX Feed
How to Buy Stock in L3harris Technologies
To summarize, here are the 6 steps for buying L3harris Technologies stock:
- Decide where to buy L3harris Technologies stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Research L3harris Technologies stock
- Place your LHX buy order
- Get updates on your LHX investment
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in L3harris Technologies, click the button below.
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