L3Harris Technologies Inc. (NYSE: LHX) is -3.57% lower on its value in year-to-date trading and has touched a low of $189.73 and a high of $264.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LHX stock was last observed hovering at around $202.59 in the last trading session, with the day’s loss setting it -1.81%.
Currently trading at $200.78, the stock is -4.38% and -2.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.89% at the moment leaves the stock -10.29% off its SMA200. LHX registered -19.72% loss for a year compared to 6-month loss of -11.29%.
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The stock witnessed a -6.39% gain in the last 1 month and extending the period to 3 months gives it a -7.73%, and is -3.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 1.56% over the month.
L3Harris Technologies Inc. (LHX) has around 46000 employees, a market worth around $38.36B and $17.06B in sales. Current P/E ratio is 36.77 and Fwd P/E is 15.15. Profit margin for the company is 6.20%. Distance from 52-week low is 5.82% and -24.15% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
L3Harris Technologies Inc. (LHX) Analyst Forecasts
The EPS is expected to shrink by -39.60% this year
L3Harris Technologies Inc. (LHX) Top Institutional Holders
The shares outstanding are 190.60M, and float is at 189.51M with Short Float at 0.83%.
L3Harris Technologies Inc. (LHX) Insider Activity
A total of 7 insider transactions have happened at L3Harris Technologies Inc. (LHX) in the last six months, with sales accounting for 4 and purchases happening 3 times. The most recent transaction is an insider sale by MEHNERT DANA A, the company’s Pres., Communication Systems. SEC filings show that MEHNERT DANA A sold 1,985 shares of the company’s common stock on Dec 05 at a price of $227.25 per share for a total of $0.45 million. Following the sale, the insider now owns 23830.0 shares.
L3Harris Technologies Inc. disclosed in a document filed with the SEC on Nov 08 that GIRARD JAMES P (Vice President & CHRO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 08 and was made at $229.38 per share for $1.15 million. Following the transaction, the insider now directly holds 7144.0 shares of the LHX stock.
Still, SEC filings show that on Oct 31, KUBASIK CHRISTOPHER E (Chair and CEO) disposed off 20,000 shares at an average price of $245.22 for $4.9 million. The insider now directly holds 98,926 shares of L3Harris Technologies Inc. (LHX).
L3Harris Technologies Inc. (LHX): Who are the competitors?
The company’s main competitors (and peers) include Raytheon Technologies Corporation (RTX) that is trading -1.25% down over the past 12 months and The Boeing Company (BA) that is 12.93% higher over the same period. Lockheed Martin Corporation (LMT) is 6.49% up on the 1-year trading charts.
