L3Harris Technologies Inc (NYSE: LHX) is 17.88% higher on its value in year-to-date trading and has touched a low of $169.55 and a high of $249.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LHX stock was last observed hovering at around $248.14 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $248.28, the stock is 2.94% and 5.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 0.06% at the moment leaves the stock 12.42% off its SMA200. LHX registered 39.25% gain for a year compared to 6-month gain of 22.86%. The firm has a 50-day simple moving average (SMA 50) of $234.581 and a 200-day simple moving average (SMA200) of $220.85815.
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The stock witnessed a 8.08% loss in the last 1 month and extending the period to 3 months gives it a 5.75%, and is 2.45% up 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 1.42% over the week and 1.66% over the month.
L3Harris Technologies Inc (LHX) has around 50000 employees, a market worth around $47.10B and $20.77B in sales. Current P/E ratio is 39.74 and Fwd P/E is 17.43. Profit margin for the company is 5.73%. Distance from 52-week low is 46.43% and -0.29% from its 52-week high. The company has generated returns on investments over the last 12 months (4.05%).
The EPS is expected to grow by 5.50% this year
1600.0 institutions hold shares in L3Harris Technologies Inc (LHX), with institutional investors hold 86.23% of the company’s shares. The shares outstanding are 189.81M, and float is at 189.10M with Short Float at 0.59%. Institutions hold 85.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.77 million shares valued at $5.11 billion. The investor’s holdings represent 11.9981 of the LHX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.43 million shares valued at $3.91 billion to account for 9.1822 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 11.29 million shares representing 5.947 and valued at over $2.53 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 5.055 of the shares totaling 9.59 million with a market value of $2.15 billion.
L3Harris Technologies Inc (LHX) Insider Activity
The most recent transaction is an insider sale by NIEBERGALL ROSS, the company’s President, Aerojet Rocketdyne. SEC filings show that NIEBERGALL ROSS sold 2,988 shares of the company’s common stock on Oct 02 ’24 at a price of $244.68 per share for a total of $0.73 million. Following the sale, the insider now owns 13328.0 shares.
Still, SEC filings show that on Oct 02 ’24, Stackley Sean J (Former Officer) Proposed Sale 21,492 shares at an average price of $245.04 for $5.27 million. The insider now directly holds shares of L3Harris Technologies Inc (LHX).
