L3Harris Technologies Inc. (NYSE:LHX) saw an upside of 0.74% to close Tuesday at $237.12 after adding $1.75 on the day. The 5-day average trading volume is 1,054,160 shares of the company’s common stock. It has gained $238.40 in the past week. An average of 1,117,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,000,476.
LHX’s 1-month performance is 3.76% or $5.49 on its low of $216.38 reached on 10/04/21. The company’s shares have touched a 52-week low of $158.09 and high of $236.74, with the stock’s rally to the 52-week high happening on 10/12/21. YTD, LHX has achieved 25.45% or $48.10. However, the current price is up 0.16%% from the 52-week high price.
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On Sep 14, 29 days have gone by since the last insider trading activity for L3Harris Technologies Inc. (LHX). Brown William M (Executive Chair) most recently sold 85,160 shares at $226.79 per share on Sep 14. This transaction cost the insider $19,313,790. Executive Chair, Brown William M, sold 85,162 shares at a price of $229.19 on Sep 13. Then, on Sep 10, Executive Chair Brown William M sold 85,162 shares at a price of $231.79 per share. This transaction amounted to $19,739,829.
The company’s PE ratio for the last five years has touched a high of 40.27 and a low of 18.45. LHX stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.57 while the price-to-book (PB) in the most recent quarter is 2.43, with the price to cash flow ratio at 28.15.
L3Harris Technologies Inc. pays an annual dividend of $4.08 per share. Its dividend yield is 1.72% and the payout ratio is 51.90%. LHX’s most recent quarterly dividend payment was made on Sep. 17, when it paid $1.02 a share compared with prior rate of $1.02, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.17 reported on Friday February 26 2021.
It is projected that L3Harris Technologies Inc.’s next ex-dividend date will be on 22-Nov. LHX is expected to distribute $1.02 as its next dividend.
L3Harris Technologies Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.70 meaning that LHX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.36, while the total debt to equity was 0.36. In terms of profitability, the gross margin trailing 12 months is 29.90%. The trailing 12-month EBITDA margin is 17.69% while for the period ending June 29; L3Harris Technologies Inc.’s operating margin was 9.20%. The firm’s gross profit as reported stood at $5.31 billion against revenue of $18.19 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LHX to announce $3.17 per share in earnings in its latest quarter, but it posted $3.26, representing a 2.80% surprise. EBITDA for the quarter stood at more than $759.0 million. LHX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.09 billion, with total debt at $7.75 billion. Shareholders hold equity totaling $200.94 million
Let’s look briefly at L3Harris Technologies Inc. (LHX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 76.06% to suggest the stock is trending Overbought, with historical volatility in this time period at 16.04%.
The stock’s 5-day moving average is $232.63, reflecting a +6.65% or $14.79 change from its current price. LHX is currently trading +4.47% above its 20-day SMA, +9.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.94% and +28.06% respectively.
Stochastic %K and %D was 93.61% and 94.58% and the average true range (ATR) pointed at 4.33. The RSI (14) points at 67.85%, while the 14-day stochastic is at 94.19% with the period’s ATR at 4.21. The stock’s 9-day MACD Oscillator is pointing at 8.15 and 9.76 on the 14-day charts.
In the most recent analyst report for L3Harris Technologies Inc. (NYSE: LHX), Goldman downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LHX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LHX as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.
What is LHX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $207.00 and a high of $292.00, with their median price target at $250.00. Looking at these predictions, the average price target given by analysts is for L3Harris Technologies Inc. (LHX) stock is $251.65.