L3Harris Technologies Inc (NYSE: LHX) is -6.21% lower on its value in year-to-date trading and has touched a low of $194.25 and a high of $265.74 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 $194.65 in the last trading session, with the day’s gains setting it 2.58%.
Currently trading at $197.23, the stock is -5.09% and -7.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 1.33% at the moment leaves the stock -13.63% off its SMA200. LHX registered -6.96% loss for a year compared to 6-month loss of -14.43%.
The stock witnessed a -11.50% gain in the last 1 month and extending the period to 3 months gives it a -20.15%, and is -1.68% 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 2.69% over the week and 2.38% over the month.
L3Harris Technologies Inc (LHX) has around 47000 employees, a market worth around $37.14B and $21.32B in sales. Current P/E ratio is 25.03 and Fwd P/E is 14.69. Profit margin for the company is 7.04%. Distance from 52-week low is 1.53% and -25.78% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).
with sales reaching $5.29B over the same period.The EPS is expected to shrink by -7.90% this year, but quarterly earnings will post 3.68% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.
The shares outstanding are 189.79M, and float is at 187.66M with Short Float at 1.33%.
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 5.9502 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 1,373 shares of the company’s common stock on Dec 30 ’24 at a price of $210.06 per share for a total of $0.29 million. Following the sale, the insider now owns 5049.0 shares.
Still, SEC filings show that on Dec 23 ’24, NIEBERGALL ROSS (President, Aerojet Rocketdyne) disposed off 1,764 shares at an average price of $213.65 for $0.38 million. The insider now directly holds 6,812 shares of L3Harris Technologies Inc (LHX).
