Shares of L3Harris Technologies Inc. (NYSE:LHX) traded at a new 52-week high today of $224.76. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
L3Harris Technologies Inc. (NYSE:LHX) is currently priced 21.2% above its average consensus analyst price target of $176.80.
L3Harris Technologies was created in 2019 from the merger of L3 Technologies and Harris, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration’s communication infrastructure, and produces various avionics for defense and commercial aviation.
Over the past year, L3Harris Technologies Inc. has traded in a range of $158.09 to $224.76 and is now at $224.41, 42% above that low.
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