L3Harris Technologies Number Of Shares Shorted vs. Shares Owned By Institutions

LHX Stock  USD 240.48  0.62  0.26%   
Based on L3Harris Technologies' profitability indicators, L3Harris Technologies' profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess L3Harris Technologies' ability to earn profits and add value for shareholders. At this time, L3Harris Technologies' Price To Sales Ratio is fairly stable compared to the past year. Days Sales Outstanding is likely to rise to 94.45 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.12 in 2024. At this time, L3Harris Technologies' Operating Income is fairly stable compared to the past year. Income Before Tax is likely to rise to about 1.3 B in 2024, whereas Accumulated Other Comprehensive Income is likely to drop (207.9 M) in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.360.3018
Fairly Up
Slightly volatile
Net Profit Margin0.110.1036
Notably Up
Slightly volatile
Operating Profit Margin0.07930.144
Way Down
Slightly volatile
Pretax Profit Margin0.07220.1282
Way Down
Slightly volatile
Return On Assets0.03820.0532
Way Down
Slightly volatile
Return On Equity0.0880.0961
Significantly Down
Slightly volatile
For L3Harris Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of L3Harris Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well L3Harris Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between L3Harris Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of L3Harris Technologies over time as well as its relative position and ranking within its peers.
  

L3Harris Technologies' Revenue Breakdown by Earning Segment

Check out Correlation Analysis.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of L3Harris Technologies. If investors know L3Harris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about L3Harris Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.04
Dividend Share
4.62
Earnings Share
6.35
Revenue Per Share
111.464
Quarterly Revenue Growth
0.077
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if L3Harris Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

L3Harris Technologies Shares Owned By Institutions vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining L3Harris Technologies's current stock value. Our valuation model uses many indicators to compare L3Harris Technologies value to that of its competitors to determine the firm's financial worth.
L3Harris Technologies is rated below average in number of shares shorted category among its peers. It is rated second overall in shares owned by institutions category among its peers . The ratio of Number Of Shares Shorted to Shares Owned By Institutions for L3Harris Technologies is about  22,090 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the L3Harris Technologies' earnings, one of the primary drivers of an investment's value.

L3Harris Technologies' Earnings Breakdown by Geography

L3Harris Shares Owned By Institutions vs. Number Of Shares Shorted

Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

L3Harris Technologies

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
1.9 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

L3Harris Technologies

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
85.98 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.

L3Harris Shares Owned By Institutions Comparison

L3Harris Technologies is currently under evaluation in shares owned by institutions category among its peers.

L3Harris Technologies Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in L3Harris Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, L3Harris Technologies will eventually generate negative long term returns. The profitability progress is the general direction of L3Harris Technologies' change in net profit over the period of time. It can combine multiple indicators of L3Harris Technologies, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-198 M-207.9 M
Operating Income1.4 B1.5 B
Income Before Tax1.2 B1.3 B
Total Other Income Expense Net-205 M-194.8 M
Net Income1.2 B1.3 B
Income Tax Expense23 M21.9 M
Net Income From Continuing Ops1.2 B855.4 M
Non Operating Income Net Other420.9 M441.9 M
Net Income Applicable To Common Shares2.1 B2.2 B
Net Interest Income-543 M-515.9 M
Interest Income304.8 M320 M
Change To Netincome-226.8 M-215.5 M
Net Income Per Share 9.17  9.63 
Income Quality 1.46  2.74 
Net Income Per E B T 0.81  0.79 

L3Harris Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on L3Harris Technologies. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of L3Harris Technologies position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the L3Harris Technologies' important profitability drivers and their relationship over time.

Use L3Harris Technologies in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if L3Harris Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in L3Harris Technologies will appreciate offsetting losses from the drop in the long position's value.

L3Harris Technologies Pair Trading

L3Harris Technologies Pair Trading Analysis

The ability to find closely correlated positions to L3Harris Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace L3Harris Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back L3Harris Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling L3Harris Technologies to buy it.
The correlation of L3Harris Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as L3Harris Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if L3Harris Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for L3Harris Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your L3Harris Technologies position

In addition to having L3Harris Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Business Services Thematic Idea Now

Business Services
Business Services Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Business Services Theme or any other thematic opportunities.
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Additional Tools for L3Harris Stock Analysis

When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.