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After finishing at $243.58 in the prior trading day, L3Harris Technologies Inc (NYSE: LHX) closed at $244.36, up 0.32%. In other words, the price has increased by $0.32 from its previous closing price. On the day, 0.68 million shares were traded. LHX stock price reached its highest trading level at $244.4425 during the session, while it also had its lowest trading level at $241.2554.
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 85.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.58.
On October 10, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $300.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on August 14, 2024, whereas the target price for the stock was revised from $250 to $240.
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 Nov 08 ’24 when NIEBERGALL ROSS sold 2,150 shares for $260.00 per share. The transaction valued at 559,000 led to the insider holds 10,340 shares of the business.
NIEBERGALL ROSS sold 1,100 shares of LHX for $286,000 on Nov 06 ’24. The President, Aerojet Rocketdyne now owns 10,340 shares after completing the transaction at $260.00 per share. On Nov 08 ’24, another insider, NIEBERGALL ROSS, who serves as the Officer of the company, bought 2,150 shares for $260.00 each.
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 46347272192 and an Enterprise Value of 58782359552. As of this moment, L3Harris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.59, and their Forward P/E ratio for the next fiscal year is 17.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 2.44. Its current Enterprise Value per Revenue stands at 2.78 whereas that against EBITDA is 15.861.
Stock Price History:
Over the past 52 weeks, LHX has reached a high of $265.74, while it has fallen to a 52-week low of $184.34. The 50-Day Moving Average of the stock is 0.10%, while the 200-Day Moving Average is calculated to be 8.09%.
Shares Statistics:
The stock has traded on average 725.97K shares per day over the past 3-months and 931520 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 189.08M. Insiders hold about 0.31% of the company’s shares, while institutions hold 85.06% stake in the company. Shares short for LHX as of 1730332800 were 1634212 with a Short Ratio of 2.25, compared to 1727654400 on 1118022. Therefore, it implies a Short% of Shares Outstanding of 1634212 and a Short% of Float of 0.97.
Dividends & Splits
In the trailing 12 months, LHX’s forward annual dividend rate was 4.62, compared to 4.64 this year. Against a Trailing Annual Dividend Yield of 0.018967073The stock’s 5-year Average Dividend Yield is 1.93.
