In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
L3Harris Technologies Inc (NYSE: LHX) closed the day trading at $211.95 down -0.63% from the previous closing price of $213.30. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 1.54 million shares were traded. LHX stock price reached its highest trading level at $215.92 during the session, while it also had its lowest trading level at $211.42.
Ratios:
For a better understanding of LHX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 74.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.43. 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.
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, Bernstein on January 08, 2025, Upgraded its rating to Outperform and sets its target price to $267 from $289 previously.
Argus Upgraded its Hold to Buy on November 26, 2024, while the target price for the stock was maintained at $300.
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 Dec 30 ’24 when NIEBERGALL ROSS sold 1,373 shares for $210.06 per share. The transaction valued at 288,412 led to the insider holds 5,049 shares of the business.
NIEBERGALL ROSS bought 1,373 shares of LHX for $288,412 on Dec 30 ’24. On Dec 23 ’24, another insider, NIEBERGALL ROSS, who serves as the President, Aerojet Rocketdyne of the company, sold 1,764 shares for $213.65 each. As a result, the insider received 376,879 and left with 6,812 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 40200130560 and an Enterprise Value of 52635209728. As of this moment, L3Harris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.47, and their Forward P/E ratio for the next fiscal year is 15.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 2.11. Its current Enterprise Value per Revenue stands at 2.49 whereas that against EBITDA is 14.203.
Stock Price History:
The Beta on a monthly basis for LHX is 0.76, which has changed by 0.01179111 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, LHX has reached a high of $265.74, while it has fallen to a 52-week low of $200.18. The 50-Day Moving Average of the stock is -5.64%, while the 200-Day Moving Average is calculated to be -7.28%.
Shares Statistics:
Over the past 3-months, LHX traded about 1.01M shares per day on average, while over the past 10 days, LHX traded about 1171310 shares per day. A total of 189.55M shares are outstanding, with a floating share count of 189.08M. Insiders hold about 0.31% of the company’s shares, while institutions hold 84.97% stake in the company. Shares short for LHX as of 1736899200 were 1928345 with a Short Ratio of 1.91, compared to 1734048000 on 1916701. Therefore, it implies a Short% of Shares Outstanding of 1928345 and a Short% of Float of 1.1400000000000001.
Dividends & Splits
LHX’s forward annual dividend rate is 4.64, up from 4.62 a year ago. Against a Trailing Annual Dividend Yield of 0.021659633The stock’s 5-year Average Dividend Yield is 1.95. The current Payout Ratio is 70.21% for LHX, which recently paid a dividend on 2024-11-18 with an ex-dividend date of 1731888000. Stock splits for the company last occurred on 2009-05-11 when the company split stock in a 10000:9448 ratio.
