Benzinga - by Benzinga Insights, Benzinga Staff Writer.
L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 20 years by 3.34% on an annualized basis producing an average annual return of 11.25%. Currently, L3Harris Technologies has a market capitalization of $40.23 billion.
Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $8,377.20 today based on a price of $211.65 for LHX at the time of writing.
L3Harris Technologies's Performance Over Last 20 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
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