Approximately 1,985 Shares Of L3Harris Technologies Inc. (LHX) Were Sold By This Insider.

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L3Harris Technologies Inc. (NYSE:LHX) finished Friday with an addition of $1.55 to close at $208.21, an upside of 0.75 percent. An average of 749,600 shares of common stock have been traded in the last five days. There was a gain of $3.40 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,151,000 shares traded, while the 50-day average volume stands at 1,263,302.

LHX stock has decreased by -8.31% in the last month. The company shares reached their 1-month lowest point of $202.31 on 12/22/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $202.31 and a high of $279.71 in 52 weeks. It has reached a new high 13 times so far this year and lost -2.36% or -$5.03 in price. In spite of this, the price is down -25.56% from the 52-week high.


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Insider Transactions

LHX stock investors should be aware that L3Harris Technologies Inc. (LHX) stock had its last reported insider trading activity 26 days ago on Dec 05. In this transaction, the insider spent $451,091. Vice President & CHRO, GIRARD JAMES P, disposed of 5,000 shares at a price of $229.38 on Nov 08. The insider now owns more than $1,146,900 worth of shares. Prior to that, Chair and CEO KUBASIK CHRISTOPHER E went on to Sale 20,000 shares at $245.22 each on Oct 31. An amount of $4,904,400 was transacted.

Valuation Metrics

L3Harris Technologies Inc. (LHX) has a trailing price-to-earnings (P/E) ratio of 36.22. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.34, the price-to-book (PB) ratio at 2.17, and the price-to-cash flow ratio at 38.11.

The company has a payout ratio of 56.00%. The company’s most recent quarterly dividend payment was $1.12 a share, without any change from last year. Its latest increase dividend $0.10 reported on Monday February 28 2022.

Financial Health

The quick ratio of L3Harris Technologies Inc. for the three months ended September 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.38 for the quarter ending September 29. Its gross profit as reported stood at $5.38 billion compared to revenue of $17.81 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, L3Harris Technologies Inc.’s return on assets was 3.30%.

Earnings Surprise

For the three-month period that ended September 29, L3Harris Technologies Inc. had $5.97 billion in total debt. The analyst consensus anticipated L3Harris Technologies Inc.’s latest quarter earnings to come in at $3.19 per share, but it turned out to be $3.06, a -4.10% surprise. For the quarter, EBITDA amounted to $684.0 million. Shareholders own equity worth $190.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at L3Harris Technologies Inc. (LHX) price momentum. RSI 9-day as of the close on 30 December was 40.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.00%.

As of today, LHX’s price is $206.42 +1.66% or $3.40 from its 5-day moving average. LHX is currently trading -7.62% lower than its 20-day SMA and -10.83% lower than its 100-day SMA. However, the stock’s current price level is -12.37% below the SMA50 and -14.47% below the SMA200.

The stochastic %K and %D were 22.26% and 19.41%, respectively, and the average true range (ATR) was 4.39. With the 14-day stochastic at 31.52% and the average true range at 4.78, the RSI (14) stands at 38.89%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at -3.28.

Analyst Ratings

Robert W. Baird downgraded L3Harris Technologies Inc. (NYSE: LHX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for L3Harris Technologies Inc. (LHX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LHX, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is LHX’s price target for the next 12 months?

Analysts predict a range of price targets between $192.00 and $338.00, with a median target of $260.00. Taking a look at these predictions, the average price target given by analysts for L3Harris Technologies Inc. (LHX) stock is $262.84.

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