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After finishing at $227.88 in the prior trading day, L3Harris Technologies Inc (NYSE: LHX) closed at $226.06, down -0.80%. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 0.86 million shares were traded. LHX stock price reached its highest trading level at $228.3 during the session, while it also had its lowest trading level at $225.54.
Ratios:
Our goal is to gain a better understanding of LHX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 78.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.88. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on Aug-15-24, Downgraded its rating to Sector Perform and sets its target price to $240 from $250 previously.
On August 09, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $275 to $257.
Deutsche Bank Downgraded its Buy to Hold on July 26, 2024, whereas the target price for the stock was revised from $245 to $257.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 15 ’24 when MIKUEN SCOTT T sold 15,887 shares for $235.00 per share. The transaction valued at 3,733,445 led to the insider holds 47,616 shares of the business.
MIKUEN SCOTT T sold 10,527 shares of LHX for $2,421,210 on Jul 11 ’24. The Sr VP-General Counsel & Secy now owns 47,616 shares after completing the transaction at $230.00 per share. On Jun 14 ’24, another insider, Stackley Sean J, who serves as the Sr. VP Strategy, Growth & Tech of the company, sold 3,354 shares for $218.00 each. As a result, the insider received 731,172 and left with 17,540 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LHX now has a Market Capitalization of 42884710400 and an Enterprise Value of 55653756928. As of this moment, L3Harris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.19, and their Forward P/E ratio for the next fiscal year is 15.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 2.68 whereas that against EBITDA is 15.099.
Stock Price History:
Over the past 52 weeks, LHX has reached a high of $245.60, while it has fallen to a 52-week low of $160.25. The 50-Day Moving Average of the stock is -0.64%, while the 200-Day Moving Average is calculated to be 6.99%.
Shares Statistics:
The stock has traded on average 840.33K shares per day over the past 3-months and 828240 shares per day over the last 10 days, according to various share statistics. A total of 189.81M shares are outstanding, with a floating share count of 189.09M. Insiders hold about 0.32% of the company’s shares, while institutions hold 86.52% stake in the company. Shares short for LHX as of 1722384000 were 1253230 with a Short Ratio of 1.49, compared to 1719532800 on 1194474. Therefore, it implies a Short% of Shares Outstanding of 1253230 and a Short% of Float of 0.74.
Dividends & Splits
In the trailing 12 months, LHX’s forward annual dividend rate was 4.6, compared to 4.60 this year. Against a Trailing Annual Dividend Yield of 0.020186063The stock’s 5-year Average Dividend Yield is 1.9.
