Head-To-Head Survey: New Horizon Aircraft (NASDAQ:HOVR) vs. L3Harris Technologies (NYSE:LHX)

New Horizon Aircraft (NASDAQ:HOVR) and L3Harris Technologies (NYSE:LHX) are both aerospace companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, institutional ownership, profitability, analyst recommendations, earnings, dividends and risk.

Volatility and Risk

New Horizon Aircraft has a beta of 2.79, indicating that its share price is 179% more volatile than the S&P 500. Comparatively, L3Harris Technologies has a beta of 0.76, indicating that its share price is 24% less volatile than the S&P 500.

Insider and Institutional Ownership

66.0% of New Horizon Aircraft shares are owned by institutional investors. Comparatively, 84.8% of L3Harris Technologies shares are owned by institutional investors. 11.1% of New Horizon Aircraft shares are owned by company insiders. Comparatively, 0.7% of L3Harris Technologies shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares New Horizon Aircraft and L3Harris Technologies’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
New Horizon Aircraft	N/A	-230.87%	4.72%
L3Harris Technologies	7.94%	11.82%	5.47%

Analyst Recommendations

This is a summary of current ratings and price targets for New Horizon Aircraft and L3Harris Technologies, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
New Horizon Aircraft	0	1	1	1	3.00
L3Harris Technologies	0	5	13	0	2.72

New Horizon Aircraft presently has a consensus target price of $11.00, indicating a potential upside of 278.01%. L3Harris Technologies has a consensus target price of $287.63, indicating a potential upside of 1.31%. Given New Horizon Aircraft’s stronger consensus rating and higher probable upside, equities research analysts plainly believe New Horizon Aircraft is more favorable than L3Harris Technologies.

Earnings and Valuation

This table compares New Horizon Aircraft and L3Harris Technologies”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
New Horizon Aircraft	N/A	N/A	$5.20 million	N/A	N/A
L3Harris Technologies	$21.33 billion	2.49	$1.50 billion	$8.95	31.72

L3Harris Technologies has higher revenue and earnings than New Horizon Aircraft.

Summary

L3Harris Technologies beats New Horizon Aircraft on 8 of the 13 factors compared between the two stocks.

About New Horizon Aircraft

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.

About L3Harris Technologies

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mission avionics; electronic warfare systems; and mission networks systems for air traffic management operations. The company's Communication Systems segment provides broadband communications; tactical radios, software, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; integrated vision solutions, including helmet-mounted integrated night vision goggles with leading-edge image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. Its Aerojet Rocketdyne segment provides propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security, and space and exploration missions. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is based in Melbourne, Florida.