Nomura Holdings Inc. Raises Position in L3Harris Technologies Inc $LHX

Nomura Holdings Inc. increased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 276.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,867 shares of the company’s stock after buying an additional 22,672 shares during the quarter. Nomura Holdings Inc.’s holdings in L3Harris Technologies were worth $7,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC grew its stake in shares of L3Harris Technologies by 126.0% during the second quarter. Kestra Investment Management LLC now owns 800 shares of the company’s stock worth $201,000 after acquiring an additional 446 shares during the last quarter. Caxton Associates LLP boosted its stake in L3Harris Technologies by 9.2% in the 2nd quarter. Caxton Associates LLP now owns 4,832 shares of the company’s stock worth $1,212,000 after purchasing an additional 406 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in L3Harris Technologies during the 2nd quarter worth approximately $125,000. Rexford Capital Inc. purchased a new stake in L3Harris Technologies during the 2nd quarter worth approximately $58,000. Finally, Nikko Asset Management Americas Inc. increased its stake in L3Harris Technologies by 22.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 84,294 shares of the company’s stock valued at $21,142,000 after purchasing an additional 15,328 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $286.84 on Monday. L3Harris Technologies Inc has a 52-week low of $193.09 and a 52-week high of $308.12. 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 stock has a market cap of $53.65 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The business has a 50-day simple moving average of $287.77 and a 200-day simple moving average of $274.62.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, beating 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 company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the business earned $3.34 earnings per share. L3Harris Technologies’s quarterly 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. On average, equities analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 17th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, November 17th. L3Harris Technologies’s payout ratio is currently 51.56%.

Insider Transactions at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 144,426 shares in the company, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LHX. Morgan Stanley lifted their price objective on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. BNP Paribas Exane assumed coverage on L3Harris Technologies in a research report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Citigroup started coverage on L3Harris Technologies in a research note on Thursday. They issued a “buy” rating and a $331.00 price objective for the company. Finally, BNP Paribas raised L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.50.

About L3Harris Technologies

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.