LHX Stock Summary and Trading Ideas (L3harris Technologies | NYSE:LHX)

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

L3harris Technologies trades on the NYSE stock market under the symbol LHX.

As of April 25, 2024, LHX stock price declined to $207.36 with 1,092,155 million shares trading.

LHX has a beta of 0.84, meaning it tends to be less sensitive to market movements. LHX has a correlation of 0.23 to the broad based SPY ETF.

LHX has a market cap of $39.42 billion. This is considered a Large Cap stock.

Last quarter L3harris Technologies reported $5 billion in Revenue and $3.35 earnings per share. This beat revenue expectation by $50 million and exceeded earnings estimates by $.04.

In the last 3 years, LHX stock traded as high as $279.71 and as low as $160.25.

The top ETF exchange traded funds that LHX belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

LHX has underperformed the market in the last year with a return of +4.8%, while the SPY ETF gained +23.6%. In the last 3 month period, LHX fell short of the market, returning +2.1%, while SPY returned +4.1%. However, in the most recent 2 weeks LHX has outperformed the stock market by returning +0.9%, while SPY returned -2.1%.

LHX support price is $205.08 and resistance is $210.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LHX stock will trade within this expected range on the day.