L3Harris Technologies Inc (NYSE: LHX): To Buy Or Not To Buy, That Is The Question

L3Harris Technologies Inc (LHX) concluded trading on Thursday at a closing price of $239.19, with 3.7 million shares of worth about $883.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.08% during that period and on May 22, 2025 the price saw a gain of about 2.84%. Currently the company’s common shares owned by public are about 187.59M shares, out of which, 186.28M shares are available for trading.

Stock saw a price change of 5.44% in past 5 days and over the past one month there was a price change of 10.58%. Year-to-date (YTD), LHX shares are showing a performance of 13.75% which increased to 6.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $193.09 but also hit the highest price of $265.74 during that period. The average intraday trading volume for L3Harris Technologies Inc shares is 1.46 million. The stock is currently trading 7.41% above its 20-day simple moving average (SMA20), while that difference is up 10.49% for SMA50 and it goes to 6.31% higher than SMA200.

L3Harris Technologies Inc (NYSE: LHX) currently have 187.59M outstanding shares and institutions hold larger chunk of about 88.60% of that.

The stock has a current market capitalization of $44.72B and its 3Y-monthly beta is at 0.72. PE ratio of stock for trailing 12 months is 28.35, while it has posted earnings per share of $8.44 in the same period. Its PEG reads 17.72 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 0.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LHX, volatility over the week remained 1.27% while standing at 1.08% over the month.

Stock’s fiscal year EPS is expected to drop by -19.92% while it is estimated to increase by 15.98% in next year. EPS is likely to shrink at an annualized rate of 1.60% for next 5-years, compared to annual growth of 16.47% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on April 11, 2025 offering a Buy rating for the stock and assigned a target price of $263 to it. Coverage by Bernstein stated L3Harris Technologies Inc (LHX) stock as an Outperform in their note to investors on January 08, 2025, suggesting a price target of $267 for the stock. On January 02, 2025, Raymond James Downgrade their recommendations, while on November 26, 2024, Argus Upgrade their ratings for the stock with a price target of $300. Stock get a Buy rating from BofA Securities on October 31, 2024.

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