NYSE:LHXAerospace & Defense
Assessing L3Harris Technologies (LHX) Valuation After Strong Multi‑Period Share Price Momentum
What recent performance says about L3Harris Technologies (LHX)
L3Harris Technologies (LHX) has drawn attention after a recent move that leaves the stock up 0.7% over the past day, 2.0% over the past week and 6.8% in the past month.
For investors tracking momentum, the past 3 months show a 32.3% total return and the year to date figure stands at 21.1%, while the 1 year and 3 year total returns are 76.6% and very close to a 2x multiple respectively.
Over 5 years, the total return is a little...