SG Americas Securities LLC Raises Stock Holdings in L3Harris Technologies Inc $LHX

SG Americas Securities LLC increased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 22.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,555 shares of the company’s stock after acquiring an additional 4,428 shares during the period. SG Americas Securities LLC’s holdings in L3Harris Technologies were worth $7,499,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Cyndeo Wealth Partners LLC lifted its position in shares of L3Harris Technologies by 2.7% during the second quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock worth $350,000 after purchasing an additional 37 shares during the last quarter. Twin Lakes Capital Management LLC increased its stake in L3Harris Technologies by 0.3% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 14,340 shares of the company’s stock worth $4,380,000 after buying an additional 38 shares during the period. Fidelis Capital Partners LLC lifted its holdings in L3Harris Technologies by 2.2% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,781 shares of the company’s stock valued at $493,000 after buying an additional 39 shares in the last quarter. Independence Bank of Kentucky boosted its position in L3Harris Technologies by 44.4% in the 2nd quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 40 shares during the period. Finally, Patrick M Sweeney & Associates Inc. grew its stake in L3Harris Technologies by 3.8% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 1,095 shares of the company’s stock worth $280,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 3.2%

Shares of NYSE LHX opened at $336.07 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95. The stock has a market capitalization of $62.86 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $338.23. The business has a fifty day moving average price of $290.29 and a 200 day moving average price of $281.53.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 30th. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.10. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities research analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 17th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. L3Harris Technologies’s payout ratio is 51.56%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LHX shares. JPMorgan Chase & Co. lifted their price target on shares of L3Harris Technologies from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Susquehanna reaffirmed a “positive” rating on shares of L3Harris Technologies in a research report on Friday, October 31st. Morgan Stanley upped their target price on L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded L3Harris Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Finally, BNP Paribas raised shares of L3Harris Technologies to a “hold” rating in a research note on Tuesday, November 18th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $302.29.

Insider Buying and Selling

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total value of $4,266,179.55. Following the completion of the sale, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by insiders.

L3Harris Technologies Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.