As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of L3Harris Technologies, Inc. (NYSE:LHX), it is a notable dividend payer with a strong history of performance and an optimistic future outlook. In the following section, I expand a bit more on these key aspects. If you're interested in understanding beyond my broad commentary, take a look at the report on L3Harris Technologies here.
Solid track record with reasonable growth potential and pays a dividend
Investors in search of impressive top-line expansion should look no further than LHX, with its expected revenue growth to more than double in the upcoming year. This is expected to flow down into an impressive return on equity of 29% over the next couple of years. LHX delivered a bottom-line expansion of 36% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, LHX also outperformed its industry, which delivered a growth of 12%. This paints a buoyant picture for the company.
Income investors would also be happy to know that LHX is a great dividend company, with a current yield standing at 1.4%. LHX has also been regularly increasing its dividend payments to shareholders over the past decade.
For L3Harris Technologies, there are three essential aspects you should look at:
- Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
- Valuation: What is LHX worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether LHX is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of LHX? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.