Which Institutions Own Shares In L3Harris Technologies Inc (LHX)?

L3Harris Technologies Inc (NYSE: LHX) is -0.63% lower on its value in year-to-date trading and has touched a low of $160.25 and a high of $219.31 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 $209.56 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $209.30, the stock is 1.22% and 2.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -0.12% at the moment leaves the stock 10.62% off its SMA200. LHX registered -1.47% loss for a year compared to 6-month gain of 11.83%. The firm has a 50-day simple moving average (SMA 50) of $2.69 and a 200-day simple moving average (SMA200) of $17.83.

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The stock witnessed a 2.85% loss in the last 1 month and extending the period to 3 months gives it a 14.44%, and is -0.09% 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 1.48% over the week and 1.65% over the month.

L3Harris Technologies Inc (LHX) has around 46000 employees, a market worth around $39.67B and $19.42B in sales. Current P/E ratio is 32.48 and Fwd P/E is 14.93. Profit margin for the company is 6.32%. Distance from 52-week low is 30.61% and -4.56% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).

L3Harris Technologies Inc quarterly earnings per share for the current quarter are estimated at $2.92 with sales reaching $5.12B over the same period.The EPS is expected to grow by 3.34% this year, but quarterly earnings will post 9.20% year-over-year.

1,499 institutions hold shares in L3Harris Technologies Inc (LHX), with institutional investors hold 85.50% of the company’s shares. The shares outstanding are 190.61M, and float is at 188.52M with Short Float at 1.07%. Institutions hold 85.10% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 17.94 million shares valued at $3.51 billion. The investor’s holdings represent 9.49% of the LHX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.75 million shares valued at $3.48 billion to account for 9.39% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 10.55 million shares representing 5.58% and valued at over $2.07 billion, while Capital World Investors holds 5.36% of the shares totaling 10.14 million with a market value of $1.99 billion.

L3Harris Technologies Inc (LHX) Insider Activity

A total of 9 insider transactions have happened at L3Harris Technologies Inc (LHX) in the last six months, with sales accounting for 3 and purchases happening 6 times. The most recent transaction is an insider sale by ZOISS EDWARD J, the company’s Pres., Space & Airborne Sys. SEC filings show that ZOISS EDWARD J sold 4,742 shares of the company’s common stock on Nov 24 at a price of $190.00 per share for a total of $0.9 million. Following the sale, the insider now owns 27183.0 shares.

L3Harris Technologies Inc disclosed in a document filed with the SEC on Sep 05 that ZOISS EDWARD J (Pres., Space & Airborne Sys.) sold a total of 30,077 shares of the company’s common stock. The trade occurred on Sep 05 and was made at $173.63 per share for $5.22 million. Following the transaction, the insider now directly holds 31923.0 shares of the LHX stock.

L3Harris Technologies Inc (LHX): Who are the competitors?

One of the company’s main competitors (and peers) include RTX Corp. (RTX) that is trading -9.51% down over the past 12 months.Boeing Co. (BA) lies in the list of competitors of the L3Harris Technologies Inc and is -1.72% lower over the same period from LHXLockheed Martin Corp. (LMT) is -11.20% down on the 1-year trading charts.