Introduction
Finally! I get to talk about one of my favorite stocks again. The defense giant L3Harris Technologies (NYSE:LHX) just released its 2Q21 earnings, which is a perfect opportunity to reiterate my bullish long-term call. The company beat
L3Harris - A Dividend Growth Star
Summary
- L3Harris reported strong 2Q21 earnings that, once again, underlined the company's capabilities when it comes to generating shareholder value.
- The company remains in a great spot to benefit from the modernization of NATO's defense forces and should be able to generate long-term EBITDA and FCF growth.
- LHX is a perfect dividend growth stock as investors will more than likely benefit from long-term dividend growth and significant buybacks.
Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.
As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of LHX, RTX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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