L3Harris Technologies, Inc.’s stock price soars to $209.59, marking a robust 2.60% increase

L3Harris Technologies, Inc. (LHX)

209.59 USD +5.32 (+2.60%) Volume: 2.02M

L3Harris Technologies, Inc.’s stock price is currently standing at 209.59 USD, posting a positive shift of +2.60% in today’s trading session with a volume of 2.02M. Despite this uptrend, the company’s stock has experienced a slight decrease YTD, with a percentage change of -0.49%.

Latest developments on L3Harris Technologies, Inc.

Recent fluctuations in L3Harris Technologies Inc.’s stock price can be attributed to a series of key events. Despite overall losses on the day, the company’s stock outperformed competitors, reflecting its resilience. However, it underperformed when compared to competitors on Tuesday, indicating market volatility. Notably, Canal Insurance CO sold 6,000 shares of L3Harris, impacting the stock’s movement. Meanwhile, WealthShield Partners LLC increased their holdings in the company, showing investor confidence. L3Harris’s recent short interest and potential pivot towards defense or skyward ventures also played a role in the stock price movements.

L3Harris Technologies, Inc. on Smartkarma

On Smartkarma, an independent investment research network, top analysts have published their insights on L3Harris Technologies, a leading technology company. According to Baptista Research, a provider on Smartkarma, L3Harris Technologies is experiencing a major growth catalyst in the form of accelerating demand in Aerojet Rocketdyne. This is supported by the company’s strong financial results and performance, as seen in their fourth quarter 2023 earnings call.

The company reported a record increase of $23 billion in orders and a doubling of their backlog to $33 billion since the merger. This growth can be attributed to key U.S. Army awards and notable progress in satellite awards. With this positive momentum, L3Harris Technologies is poised for further growth and success in the future.

A look at L3Harris Technologies, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, the long-term outlook for L3Harris Technologies is looking positive. The company has received a score of 4 for value, indicating that it is a good investment opportunity. This is due to L3Harris Technologies’ strong financial performance and competitive position in the aerospace and defense industry.

In addition, L3Harris Technologies has received a perfect score of 5 for dividend, meaning that it is a reliable dividend-paying company. This is a good sign for investors looking for stable and consistent returns. With a score of 3 for growth, the company is showing moderate potential for future growth, making it an attractive option for those seeking long-term investments.

Although L3Harris Technologies received a lower score of 2 for resilience, indicating that it may be more vulnerable to market fluctuations, its momentum score of 4 suggests that the company is currently performing well and has positive market sentiment. Overall, L3Harris Technologies is a strong and growing aerospace and defense technology company with promising long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma