L3Harris Technologies Inc (NYSE: LHX) is 0.12% higher on its value in year-to-date trading and has touched a low of $193.09 and a high of $265.74 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 $207.08 in the last trading session, with the day’s gains setting it 3.45%.
Currently trading at $210.53, the stock is 3.60% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 1.67% at the moment leaves the stock -7.56% off its SMA200. LHX registered 0.34% gain for a year compared to 6-month loss of -11.04%.
The stock witnessed a -1.06% gain in the last 1 month and extending the period to 3 months gives it a -14.51%, and is 4.05% 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 2.23% over the week and 2.15% over the month.
L3Harris Technologies Inc (LHX) has around 47000 employees, a market worth around $39.65B and $21.32B in sales. Current P/E ratio is 26.72 and Fwd P/E is 15.87. Profit margin for the company is 7.04%. Distance from 52-week low is 9.03% and -20.78% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).
The EPS is expected to shrink by -9.86% this year
The shares outstanding are 189.79M, and float is at 187.68M with Short Float at 1.63%.
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
A total of 0 insider transactions have happened at L3Harris Technologies Inc (LHX) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Still, SEC filings show that on Feb 27 ’25, NIEBERGALL ROSS (Officer) Proposed Sale 1,211 shares at an average price of $205.01 for $0.25 million. The insider now directly holds shares of L3Harris Technologies Inc (LHX).
L3Harris Technologies Inc (LHX): Who are the competitors?
One of the company’s main competitors (and peers) include RTX Corp. (RTX) that is trading 43.63% up over the past 12 months.Boeing Co. (BA) lies in the list of competitors of the L3Harris Technologies Inc and is -18.83% lower over the same period from LHXLockheed Martin Corp. (LMT) is 6.21% up on the 1-year trading charts.
