The price-to-earnings ratio for L3Harris Technologies Inc (NYSE: LHX) is above average at 39.19x. The 36-month beta value for LHX is also noteworthy at 0.74. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for LHX is 189.08M, and at present, short sellers hold a 0.86% of that float. The average trading volume of LHX on November 15, 2024 was 693.25K shares.
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LHX) stock’s latest price update
L3Harris Technologies Inc (NYSE: LHX) has seen a decline in its stock price by -5.16 in relation to its previous close of 261.65. However, the company has experienced a -2.61% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-11-08 that L3Harris Technologies NYSE: LHX has many factors in its favor to provide ample tailwind for share prices, including Donald Trump. His defense policies were a boon to the defense industry during the first administration and will likely do so again.
LHX’s Market Performance
L3Harris Technologies Inc (LHX) has experienced a -2.61% fall in stock performance for the past week, with a 0.01% rise in the past month, and a 8.60% rise in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 1.87% for LHX. The simple moving average for the last 20 days is -1.21% for LHX stock, with a simple moving average of 10.13% for the last 200 days.
Analysts’ Opinion of LHX
Many brokerage firms have already submitted their reports for LHX stocks, with BofA Securities repeating the rating for LHX by listing it as a “Buy.” The predicted price for LHX in the upcoming period, according to BofA Securities is $300 based on the research report published on October 31, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see LHX reach a price target of $300. The rating they have provided for LHX stocks is “Outperform” according to the report published on October 10th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to LHX, setting the target price at $240 in the report published on August 14th of the current year.
LHX Trading at 2.22% 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 -6.62% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -0.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.73% upper at present.
During the last 5 trading sessions, LHX fell by -2.61%, which changed the moving average for the period of 200-days by +19.07% in comparison to the 20-day moving average, which settled at $251.19. In addition, L3Harris Technologies Inc saw 17.82% 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 NIEBERGALL ROSS, who sale 2,150 shares at the price of $260.00 back on Nov 08 ’24. After this action, NIEBERGALL ROSS now owns 10,340 shares of L3Harris Technologies Inc, valued at $559,000 using the latest closing price.
NIEBERGALL ROSS, the President, Aerojet Rocketdyne of L3Harris Technologies Inc, sale 1,100 shares at $260.00 during a trade that took place back on Nov 06 ’24, which means that NIEBERGALL ROSS is holding 10,340 shares at $286,000 based on the most recent closing price.
Stock Fundamentals for LHX
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.24 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 6.42, with 2.87 for asset returns.
Based on L3Harris Technologies Inc (LHX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 2.93 billion with net debt to EBITDA at 3.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, L3Harris Technologies Inc (LHX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
