L3Harris Technologies Inc $LHX Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in L3Harris Technologies Inc (NYSE:LHX) by 32.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,324 shares of the company’s stock after buying an additional 5,239 shares during the period. Oregon Public Employees Retirement Fund’s holdings in L3Harris Technologies were worth $6,513,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of L3Harris Technologies in the first quarter valued at about $26,000. Kiker Wealth Management LLC raised its holdings in L3Harris Technologies by 137.0% during the second quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock worth $27,000 after purchasing an additional 63 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in L3Harris Technologies in the second quarter valued at about $32,000. Independence Bank of Kentucky boosted its holdings 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 purchasing an additional 40 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in L3Harris Technologies in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Activity

In other 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 value of $4,266,179.55. Following the sale, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Stock Up 3.2%

LHX opened at $336.07 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 1.14. The company has a market cap of $62.86 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.10 and a beta of 0.66. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $338.23. The business’s fifty day moving average is $290.29 and its two-hundred day moving average is $281.77.

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

L3Harris Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LHX. JPMorgan Chase & Co. increased their target price on L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of L3Harris Technologies in a research report on Monday, January 5th. BNP Paribas upgraded shares of L3Harris Technologies to a “hold” rating in a research report on Tuesday, November 18th. Finally, Citigroup began coverage on shares of L3Harris Technologies in a research note on Thursday, December 11th. They set a “buy” rating and a $331.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.