Is L3Harris Technologies Inc (NYSE: LHX) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

LHX belongs to the Industrials sector of the NYSE while operating in the Aerospace & Defense industry. The current market capitalization of L3Harris Technologies Inc is $41.65B. A total of 0.62 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, KUBASIK CHRISTOPHER E sold 6,258 shares of LHX for 211.91 per share on Mar 26 ’24. After the transaction, the Chair and CEO now owns 116,175 company shares. In a previous transaction on Mar 25 ’24, KUBASIK CHRISTOPHER E sold 40,000 shares at 212.22 per share. LHX shares that Chair and CEO owns now total 116,175.

Among the insiders who sold shares, MIKUEN SCOTT T disposed of 3,363 shares on Mar 18 ’24 at a per-share price of $212.86. This resulted in the Sr VP-General Counsel & Secy holding 55,254 shares of LHX after the transaction. In another insider transaction, SWANSON WILLIAM H bought 1,250 shares at $213.39 per share on Mar 15 ’24. Company shares held by the Director now total 2,793.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. L3Harris Technologies Inc pays an annual dividend of $4.58, resulting in a dividend yield of 2.09%, and it has a price to earnings (P/E) ratio of 35.63. LHX’s most recent ex-dividend date was 6/4/2024 when it declared a $1.16 quarterly dividend that was paid in cash on 6/18/2024. Previously, the company paid the dividend on 3/22/2024 with an ex-dividend date of 3/7/2024. The LHX stock dividend was $1.16 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, LHX has a high of $219.88 and a low of $160.25.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LHX’s latest balance sheet shows that the firm has $941.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.83B in debt and $4.55B in liabilities at the time. Its Book Value Per Share was $98.52, while its Total Shareholder’s Equity was $19.32B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LHX is Buy with a score of 4.20.

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