Various investment companies have been making notable changes concerning L3Harris Technologies, Inc. (NYSE:LHX). While some investment companies such as Brookstone Capital Management and Fisher Asset Management LLC reduced their shareholdings, several others like Cornerstone Wealth Group LLC and Riverview Trust Co purchased additional holdings in L3Harris. Despite a few market underperformances, the company stock had several days of outperformance against competitors. There are also insinuations of possible weaknesses as insiders reportedly sold a considerable amount of their stock. Unverified intrinsic value projections claim the company's value is 96% above its current share price. Notably, institutional ownership makes up 83% to 86% of the company's shares. L3Harris has recently released its Q1 2024 earnings, securing a massive $998.83M U.S. Navy contract, and it seems to be utilizing its debt sensibly. However, there are concerns over the financials and debt utilization levels of the company. The one-year returns for shareholders have been 17%, and a five-year investment would have yielded a 43% gain.
L3harris Technologies LHX News Analytics from Wed, 13 Dec 2023 08:00:00 GMT to Sun, 30 Jun 2024 20:03:58 GMT - Rating -2 - Innovation 5 - Information 8 - Rumor 3
