Universal Beteiligungs und Servicegesellschaft mbH Acquires 24,437 Shares of L3Harris Technologies Inc $LHX

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 111.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,271 shares of the company’s stock after buying an additional 24,437 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in L3Harris Technologies were worth $11,607,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kiker Wealth Management LLC lifted its position in shares of 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. Clearstead Trust LLC acquired a new position in L3Harris Technologies during the 1st quarter worth $26,000. Nova Wealth Management Inc. bought a new position in L3Harris Technologies in the 1st quarter valued at $26,000. Harbor Asset Planning Inc. acquired a new stake in shares of L3Harris Technologies in the 2nd quarter valued at $32,000. Finally, Independence Bank of Kentucky raised its position in shares of L3Harris Technologies by 44.4% during the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $285.42 on Thursday. The stock has a market cap of $53.39 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The stock has a 50-day moving average of $290.96 and a 200-day moving average of $268.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $308.12.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping 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 net margin of 7.94% and a return on equity of 11.82%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. As a group, sell-side analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 17th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 17th. L3Harris Technologies’s payout ratio is presently 51.56%.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction dated 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 $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LHX shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. UBS Group raised their target price on shares of L3Harris Technologies from $318.00 to $323.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Susquehanna reiterated a “positive” rating on shares of L3Harris Technologies in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, BNP Paribas raised shares of L3Harris Technologies to a “hold” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $295.29.

L3Harris Technologies Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.