Nisa Investment Advisors LLC Boosts Holdings in L3Harris Technologies Inc $LHX

Nisa Investment Advisors LLC lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,674 shares of the company’s stock after purchasing an additional 1,902 shares during the period. Nisa Investment Advisors LLC’s holdings in L3Harris Technologies were worth $13,033,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gold Investment Management Ltd. boosted its stake in shares of L3Harris Technologies by 108.4% during the 2nd quarter. Gold Investment Management Ltd. now owns 1,738 shares of the company’s stock valued at $437,000 after buying an additional 904 shares during the last quarter. BankPlus Trust Department raised its holdings in L3Harris Technologies by 6.9% in the second quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock valued at $1,468,000 after acquiring an additional 379 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in L3Harris Technologies by 20.6% in the second quarter. Janney Montgomery Scott LLC now owns 193,381 shares of the company’s stock valued at $48,508,000 after acquiring an additional 33,019 shares in the last quarter. US Bancorp DE grew its holdings in L3Harris Technologies by 1.6% during the 2nd quarter. US Bancorp DE now owns 344,112 shares of the company’s stock worth $86,317,000 after acquiring an additional 5,526 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in L3Harris Technologies during the 2nd quarter worth $1,218,000. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 3.2%

Shares of NYSE LHX opened at $336.07 on Friday. L3Harris Technologies Inc has a 12-month low of $193.09 and a 12-month high of $338.23. The company has a market cap of $62.86 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $290.29 and its 200 day simple moving average is $281.53.

L3Harris Technologies (NYSE:LHX) last announced its quarterly 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. L3Harris Technologies had a net margin of 8.09% and a return on equity of 11.08%. The company 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 earnings per share. The company’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. Equities research analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LHX shares. Morgan Stanley upped their target price on shares of L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. BNP Paribas upgraded L3Harris Technologies to a “hold” rating in a research note on Tuesday, November 18th. 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 report on Tuesday, November 4th. BNP Paribas Exane assumed coverage on L3Harris Technologies in a report on Tuesday, November 18th. They issued a “neutral” rating and a $290.00 price target for the company. Finally, Citigroup initiated coverage on L3Harris Technologies in a research report on Thursday, December 11th. They set a “buy” rating and a $331.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $302.29.

Insider Buying and Selling at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the sale, the chief executive officer owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

About L3Harris Technologies

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.