Oregon Public Employees Retirement Fund Grows Position in L3Harris Technologies Inc $LHX

Oregon Public Employees Retirement Fund grew its stake in L3Harris Technologies Inc (NYSE:LHX) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,324 shares of the company’s stock after acquiring an additional 5,239 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in L3Harris Technologies were worth $6,513,000 at the end of the most recent quarter.

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

L3Harris Technologies Stock Up 3.2%

Shares of NYSE LHX opened at $336.07 on Friday. The stock has a market capitalization of $62.86 billion, a PE ratio of 36.10, a P/E/G ratio of 2.10 and a beta of 0.66. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $290.29 and a 200-day moving average of $281.77. L3Harris Technologies Inc has a 52-week low of $193.09 and a 52-week high of $338.23.

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

L3Harris Technologies Announces Dividend

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

Insider Activity

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the completion of the sale, the chief executive officer owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. This represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of L3Harris Technologies in a research note on Thursday, December 11th. They issued a “buy” rating and a $331.00 target price for the company. BNP Paribas upgraded L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded L3Harris Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. BNP Paribas Exane initiated coverage on L3Harris Technologies in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $290.00 target price for the company. Finally, Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research note on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $302.29.

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.