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Is L3Harris Technologies Stock Outperforming the S&P 500?
Yahoo Financeยท 2025-09-10 16:59
Company Overview - L3Harris Technologies, Inc. (LHX) is valued at a market cap of $50.6 billion and specializes in aerospace and defense technology, providing mission-critical solutions [1] - The company is based in Melbourne, Florida, and offers advanced communication systems, space technologies, electronic warfare, avionics, and defense modernization services to government, military, and commercial customers [1] Market Position - LHX is classified as a "large-cap stock" due to its valuation of $10 billion or more, recognized for its innovation and ability to deliver integrated solutions across various domains [2] - The stock has seen a decline of 3.5% from its 52-week high of $280.52, reached on August 5, but has increased by 10.3% over the past three months, outperforming the S&P 500 Index's 8.4% return during the same period [3] Performance Metrics - Year-to-date (YTD), LHX shares are up 28.7%, significantly outperforming the S&P 500's 10.7% rise [4] - Over the past 52 weeks, LHX stock has gained 18.1%, slightly underperforming the S&P 500's 19% increase [4] - The stock has been trading above its 200-day moving average since mid-May and above its 50-day moving average since early March, with minor fluctuations [4] Recent Earnings - On July 24, LHX shares rose 1.3% following better-than-expected Q2 2025 earnings results, with revenue growing 2.4% year-over-year to $5.4 billion, surpassing consensus estimates by 2.5% [5] - The adjusted EPS for the quarter was $2.78, reflecting a 15.8% increase from the previous year and 12.1% above analyst expectations, driven by a record book-to-bill ratio of 1.5x and healthy organic growth [5] Competitive Landscape - LHX has significantly outperformed its rival, Lockheed Martin Corporation (LMT), which has declined 20.7% over the past 52 weeks and 5.9% YTD [6] - Analysts maintain a cautiously optimistic outlook for LHX, with a consensus rating of "Moderate Buy" from 20 analysts and a mean price target of $301.85, indicating an 11.5% premium to current levels [6]