On Tuesday, L3Harris Technologies Inc (NYSE: LHX) opened higher 0.14% from the last session, before settling in for the closing price of $213.03. Price fluctuations for LHX have ranged from $200.18 to $265.74 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 5.78% at the time writing. 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) Insider Activity
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of L3Harris Technologies Inc is 0.31%, while institutional ownership is 85.09%. The most recent insider transaction that took place on Dec 23 ’24, was worth 376,879. Before that another transaction happened on Dec 16 ’24, when Company’s President, Aerojet Rocketdyne sold 1,764 for $223.62, making the entire transaction worth $394,466. This insider now owns 8,576 shares in total.
L3Harris Technologies Inc (LHX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 5.78% 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
Check out the current performance indicators for L3Harris Technologies Inc (LHX). In the past quarter, the stock posted a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 22.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.33, a number that is poised to hit 3.44 in the next quarter and is forecasted to reach 14.24 in one year’s time.
Technical Analysis of L3Harris Technologies Inc (LHX)
Compared to the last year’s volume of 0.92 million, its volume of 1.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.40%. Additionally, its Average True Range was 4.44.
During the past 100 days, L3Harris Technologies Inc’s (LHX) raw stochastic average was set at 6.23%, which indicates a significant decrease from 11.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.13% in the past 14 days, which was lower than the 20.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $241.09, while its 200-day Moving Average is $228.23. Nevertheless, the first resistance level for the watch stands at $213.94 in the near term. At $214.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $215.71. If the price goes on to break the first support level at $212.17, it is likely to go to the next support level at $211.03. Should the price break the second support level, the third support level stands at $210.40.
L3Harris Technologies Inc (NYSE: LHX) Key Stats
There are currently 189,668K shares outstanding in the company with a market cap of 40.46 billion. Presently, the company’s annual sales total 19,419 M according to its annual income of 1,227 M. Last quarter, the company’s sales amounted to 5,292 M and its income totaled 400,000 K.
