If You Invested $1000 In This Stock 20 Years Ago, You Would Have $8,900 Today

L3Harris Technologies LHX has outperformed the market over the past 20 years by 2.91% on an annualized basis producing an average annual return of 11.39%. Currently, L3Harris Technologies has a market capitalization of $45.10 billion.

Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $8,900.41 today based on a price of $237.73 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.

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