On September 3, 2024, Ross Niebergall, President of Aerojet Rocketdyne, a subsidiary of L3Harris Technologies Inc (LHX, Financial), executed a sale of 2,988 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 16,316.09 shares of L3Harris Technologies Inc.
L3Harris Technologies Inc specializes in technology solutions that address the mission-critical challenges faced by government and commercial customers. The company's products and services span various domains including air, land, sea, space, and cyber domains.
The shares were sold at a price of $236.68 each, valuing the transaction at approximately $707,524.64. This sale has adjusted the insider's stake in the company significantly.
Over the past year, Ross Niebergall has sold a total of 2,988 shares and has not made any purchases. The broader insider transaction trend at L3Harris Technologies Inc shows a predominance of selling activities, with 10 insider sales and only 1 insider buy over the same period.
The current market cap of L3Harris Technologies Inc stands at approximately $44.11 billion. The stock's price-earnings ratio is 37.20, which is above both the industry median of 33.83 and the company’s historical median.
According to the GF Value, the intrinsic value of L3Harris Technologies Inc is estimated at $261.04 per share, making the stock modestly undervalued with a price-to-GF-Value ratio of 0.91.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider sale might draw the attention of current and potential investors trying to understand the latest shifts within the upper echelons of L3Harris Technologies Inc.
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.
