L3Harris Technologies Inc (NYSE: LHX) on Tuesday, soared 0.40% from the previous trading day, before settling in for the closing price of $229.76. Within the past 52 weeks, LHX’s price has moved between $196.42 and $265.74.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 35.62%. The company achieved an average annual earnings per share of 5.84%. With a float of $189.08 million, this company’s outstanding shares have now reached $189.55 million.
Considering the fact that the conglomerate employs 50000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 24.32%, operating margin of 9.37%, and the pretax margin is 5.61%.
L3Harris Technologies Inc (LHX) Breakdown of a Key Holders of the stock
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of L3Harris Technologies Inc is 0.31%, while institutional ownership is 85.08%. The most recent insider transaction that took place on Nov 08 ’24, was worth 559,000. In this transaction President, Aerojet Rocketdyne of this company sold 2,150 shares at a rate of $260.00, taking the stock ownership to the 10,340 shares. Before that another transaction happened on Nov 06 ’24, when Company’s President, Aerojet Rocketdyne sold 1,100 for $260.00, making the entire transaction worth $286,000. This insider now owns 10,340 shares in total.
L3Harris Technologies Inc (LHX) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to -3.91% drop over the previous five years of trading.
L3Harris Technologies Inc (NYSE: LHX) Trading Performance Indicators
L3Harris Technologies Inc (LHX) is currently performing well based on its current performance indicators. A quick ratio of 0.87 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.07. Likewise, its price to free cash flow for the trailing twelve months is 24.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.33, a number that is poised to hit 3.45 in the next quarter and is forecasted to reach 14.30 in one year’s time.
Technical Analysis of L3Harris Technologies Inc (LHX)
Compared to the last year’s volume of 0.91 million, its volume of 1.09 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.27%. Additionally, its Average True Range was 4.78.
During the past 100 days, L3Harris Technologies Inc’s (LHX) raw stochastic average was set at 19.81%, which indicates a significant increase from 15.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.81% in the past 14 days, which was lower than the 22.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $246.24, while its 200-day Moving Average is $227.99. Nevertheless, the first resistance level for the watch stands at $233.05 in the near term. At $235.43, the stock is likely to face the second major resistance level. The third major resistance level sits at $238.27. If the price goes on to break the first support level at $227.83, it is likely to go to the next support level at $224.99. Now, if the price goes above the second support level, the third support stands at $222.61.
L3Harris Technologies Inc (NYSE: LHX) Key Stats
Market capitalization of the company is 43.75 billion based on 189,668K outstanding shares. Right now, sales total 19,419 M and income totals 1,227 M. The company made 5,292 M in profit during its latest quarter, and 400,000 K in sales during its previous quarter.
