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, provides military and commercial training services, and maintains the us 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 January 6, 2025, LHX stock price declined to $204.29 with 1,320,851 million shares trading.

LHX has a beta of 0.64, meaning it tends to be less sensitive to market movements. LHX has a correlation of 0.21 to the broad based SPY ETF.

LHX has a market cap of $38.75 billion. This is considered a Large Cap stock.

Last quarter L3harris Technologies reported $5 billion in Revenue and $3.34 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.08.

In the last 3 years, LHX 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 price return of -0.4% while the SPY ETF gained +28.5%. LHX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.5% and -4.3%, respectively, while the SPY returned +5.2% and +0.7%, respectively.

LHX support price is $207.23 and resistance is $212.27 (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 shares will trade within this expected range on the day.