There has been a variety of news regarding L3Harris Technologies (LHX). The company has seen some institutional investment, with Otter Creek Advisors investing $3.23 million and institutional investors owning approximately 86% of the company. Ross Niebergall, the President of L3Harris, has been in the news for selling off shares. The company, known for its defense technologies, has seen its stock gaining preference amongst investors including Hedge Funds.
Talks of collaboration with Accenture have also emerged, likely aimed at accelerating technology reinvention and growth. Financial commentators suggest that the company's stock is reliable as LHX has had a 29% gain since last year. There are, however, concerns around whether the company is using too much debt and its short term financial prospects.
Other notable events include a strong Q2 performance with increased guidance for 2024, a new location in Italy, an upcoming presentation at investor conferences, and a new contract from the US Navy worth $998.83M. Some insiders, however, have been selling shares, potentially signalling caution.
L3harris Technologies LHX News Analytics from Sun, 07 Jan 2024 08:00:00 GMT to Sun, 08 Sep 2024 12:35:08 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -3
