If You Invested $1000 In This Stock 15 Years Ago, You Would Have $7,100 Today

L3Harris Technologies LHX has outperformed the market over the past 15 years by 1.54% on an annualized basis producing an average annual return of 14.16%. Currently, L3Harris Technologies has a market capitalization of $39.06 billion.

Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 15 years ago, it would be worth $7,080.98 today based on a price of $205.49 for LHX at the time of writing.

L3Harris Technologies's Performance Over Last 15 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.