L3Harris Technologies Inc (NYSE: LHX) is -3.91% lower 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 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 $209.94 in the last trading session, with the day’s loss setting it -7.88%.
Currently trading at $202.06, the stock is -4.15% and -3.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing -3.75% at the moment leaves the stock -10.83% off its SMA200. LHX registered -1.08% loss for a year compared to 6-month loss of -17.41%. The firm has a 50-day simple moving average (SMA 50) of $208.5634 and a 200-day simple moving average (SMA200) of $226.5889.
The stock witnessed a -5.49% gain in the last 1 month and extending the period to 3 months gives it a -2.56%, and is -2.74% 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 2.95% over the week and 2.51% over the month.
L3Harris Technologies Inc (LHX) has around 47000 employees, a market worth around $37.93B and $21.32B in sales. Current P/E ratio is 25.64 and Fwd P/E is 16.59. Profit margin for the company is 7.04%. Distance from 52-week low is 4.65% and -23.96% 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 -18.06% this year.
L3Harris Technologies Inc (LHX) Top Institutional Holders
1672.0 institutions hold shares in L3Harris Technologies Inc (LHX), with institutional investors hold 88.79% of the company’s shares. The shares outstanding are 189.79M, and float is at 187.07M with Short Float at 1.75%. Institutions hold 88.49% 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 9.1871 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
#####
L3Harris Technologies Inc disclosed in a document filed with the SEC on Mar 07 ’25 that ZOISS EDWARD J (Pres., Space & Airborne Sys.) sold a total of 3,361 shares of the company’s common stock. The trade occurred on Mar 07 ’25 and was made at $211.79 per share for $0.71 million. Following the transaction, the insider now directly holds 27259.0 shares of the LHX stock.
Still, SEC filings show that on Mar 06 ’25, ZOISS EDWARD J (Pres., Space & Airborne Sys.) disposed off 1,783 shares at an average price of $211.48 for $0.38 million. The insider now directly holds 30,620 shares of L3Harris Technologies Inc (LHX).
