In the latest trading session,, 0.87 million L3Harris Technologies Inc (NYSE:LHX) shares changed hands as the company’s beta touched 0.72. With the company’s most recent per share price at $233.04 changing hands around $2.22 or 0.96% at last look, the market valuation stands at $43.56B. LHX’s current price is a discount, trading about -14.03% off its 52-week high of $265.74. The share price had its 52-week low at $193.09, which suggests the last value was 17.14% up since then.
Analysts gave the L3Harris Technologies Inc (LHX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LHX as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight.
L3Harris Technologies Inc (NYSE:LHX) trade information
Instantly LHX is in green as seen in intraday trades today. With action 6.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.82%, with the 5-day performance at 6.09% in the green. However, in the 30-day time frame, L3Harris Technologies Inc (NYSE:LHX) is 8.35% up.
The consensus price target for the stock as assigned by Wall Street analysts is 260, meaning bulls need an upside of 10.37% from its recent market value. According to analyst projections, LHX’s forecast low is 260 with 260 as the target high. To hit the forecast high, the stock’s price needs a -11.57% plunge from its current level, while the stock would need to soar -11.57% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.47%. The 2025 estimates are for L3Harris Technologies Inc earnings to decrease by -19.92%, but the outlook for the next 5-year period is at 1.27% per year.
LHX Dividends
L3Harris Technologies Inc is expected to release its next quarterly earnings report in June. The 2.01% annual yield figure for the share gives it an annual dividend of 4.68. It is important to note, however, that the 2.01% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.1871% or 17.43 million shares worth $3.91 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 5.94 shares estimated at $1.38 billion under it, the former controlled 3.18% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.75% of the shares, roughly 5.13 shares worth around $1.19 billion.
