On November 8, 2024, Ross Niebergall, President of Aerojet Rocketdyne, a subsidiary of L3Harris Technologies Inc (LHX, Financial), executed a sale of 3,250 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 10,340.16 shares of L3Harris Technologies Inc.
L3Harris Technologies Inc, headquartered in Melbourne, Florida, is a global aerospace and defense technology innovator, providing advanced defense and commercial technologies across air, land, sea, space, and cyber domains.
Over the past year, the insider has sold a total of 12,214 shares and has not made any purchases. This recent sale continues a trend observed over the past year at L3Harris Technologies Inc, where insider activity has predominantly consisted of 13 sales and only 1 buy.
Shares of L3Harris Technologies Inc were priced at $260 on the day of the sale. The company holds a market cap of approximately $49.43 billion. The price-earnings ratio of the company stands at 41.17, which is above both the industry median of 35.3 and the historical median for the company.
The stock's valuation according to the GF Value is $247.39, leading to a price-to-GF-Value ratio of 1.05, indicating that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider selling event at L3Harris Technologies Inc aligns with a broader pattern of insider sales over purchases in the past year, which could be of interest to current and potential investors monitoring insider behaviors and company valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
