L3Harris Technologies Inc (NYSE: LHX) has a higher price-to-earnings ratio of 35.02x compared to its average ratio, The 36-month beta value for LHX is at 0.71. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LHX is 189.03M, and currently, shorts hold a 0.96% of that float. The average trading volume for LHX on May 09, 2024 was 1.07M shares.
LHX) stock’s latest price update
L3Harris Technologies Inc (NYSE: LHX)’s stock price has plunge by -0.05relation to previous closing price of 215.91. Nevertheless, the company has seen a 1.92% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Investors interested in stocks from the Aerospace – Defense sector have probably already heard of L3Harris (LHX) and Northrop Grumman (NOC). But which of these two stocks presents investors with the better value opportunity right now?
LHX’s Market Performance
L3Harris Technologies Inc (LHX) has experienced a 1.92% rise in stock performance for the past week, with a 4.69% rise in the past month, and a 2.98% rise in the past quarter. The volatility ratio for the week is 1.14%, and the volatility levels for the past 30 days are at 1.57% for LHX. The simple moving average for the last 20 days is 3.62% for LHX stock, with a simple moving average of 10.45% for the last 200 days.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with Alembic Global Advisors repeating the rating for LHX by listing it as a “Overweight.” The predicted price for LHX in the upcoming period, according to Alembic Global Advisors is $238 based on the research report published on April 22, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see LHX reach a price target of $240. The rating they have provided for LHX stocks is “Overweight” according to the report published on January 11th, 2024.
Deutsche Bank gave a rating of “Buy” to LHX, setting the target price at $240 in the report published on December 15th of the previous year.
LHX Trading at 2.63% from the 50-Day Moving Average
After a stumble in the market that brought LHX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.16% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.14%, as shares surge +5.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.92% upper at present.
During the last 5 trading sessions, LHX rose by +1.92%, which changed the moving average for the period of 200-days by +7.54% in comparison to the 20-day moving average, which settled at $208.79. In addition, L3Harris Technologies Inc saw 2.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LHX starting from KUBASIK CHRISTOPHER E, who sale 6,258 shares at the price of $211.91 back on Mar 26 ’24. After this action, KUBASIK CHRISTOPHER E now owns 116,175 shares of L3Harris Technologies Inc, valued at $1,326,133 using the latest closing price.
KUBASIK CHRISTOPHER E, the Chair and CEO of L3Harris Technologies Inc, sale 40,000 shares at $212.22 during a trade that took place back on Mar 25 ’24, which means that KUBASIK CHRISTOPHER E is holding 116,175 shares at $8,488,800 based on the most recent closing price.
Stock Fundamentals for LHX
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.25 for the gross margin
The net margin for L3Harris Technologies Inc stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 6.35, with 3.03 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 3.53 billion with net debt to EBITDA at 3.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 4.28for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, L3Harris Technologies Inc (LHX) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
