L3Harris Technologies Inc (NYSE: LHX) is 4.09% 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 $220.95 in the last trading session, with the day’s loss setting it -2.07%.
Currently trading at $218.88, the stock is 3.49% and 4.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -0.94% at the moment leaves the stock -3.23% off its SMA200. LHX registered 7.71% gain for a year compared to 6-month loss of -11.82%. The firm has a 50-day simple moving average (SMA 50) of $208.5558 and a 200-day simple moving average (SMA200) of $226.18925.
The stock witnessed a 3.04% gain in the last 1 month and extending the period to 3 months gives it a 2.21%, and is 2.11% 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 2.89% over the week and 3.04% over the month.
L3Harris Technologies Inc (LHX) has around 47000 employees, a market worth around $41.09B and $21.32B in sales. Current P/E ratio is 27.78 and Fwd P/E is 17.97. Profit margin for the company is 7.04%. Distance from 52-week low is 13.36% and -17.63% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).
with sales reaching $5.25B over the same period.The EPS is expected to shrink by -18.76% this year, but quarterly earnings will post 2.97% year-over-year. Quarterly sales are estimated to grow 0.75% in year-over-year returns.
1678.0 institutions hold shares in L3Harris Technologies Inc (LHX), with institutional investors hold 88.86% of the company’s shares. The shares outstanding are 189.79M, and float is at 187.07M with Short Float at 1.87%. Institutions hold 88.56% 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).
