Hill City Capital LP Acquires Shares of 120,000 Littelfuse, Inc. $LFUS

Key Points

• Hill City Capital acquired 120,000 Littelfuse shares, representing about 0.47% of the company and 1.3% of the fund’s holdings. Institutional investors collectively own 96.14% of Littelfuse.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $465.83.
• Littelfuse exceeded quarterly earnings and revenue expectations, reporting $4.19 in EPS on $738.78 million in revenue, while raising its quarterly dividend from $0.75 to $0.80 per share.

Hill City Capital LP acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 120,000 shares of the technology company's stock, valued at approximately $54,639,600,000. Littelfuse comprises 1.3% of Hill City Capital LP's holdings, making the stock its 16th largest holding. Hill City Capital LP owned 0.47% of Littelfuse as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Littelfuse during the second quarter valued at $1,148,821,000. Wellington Management Group LLP purchased a new stake in Littelfuse in the 4th quarter worth $114,166,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Littelfuse by 67.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company's stock worth $259,035,000 after purchasing an additional 412,160 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Littelfuse during the 2nd quarter valued at about $146,471,000. Finally, Norges Bank bought a new position in shares of Littelfuse during the 4th quarter valued at about $73,575,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings raised Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Needham & Company LLC restated a "buy" rating and set a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 price objective on Littelfuse in a research note on Thursday, May 7th. Finally, Oppenheimer upped their price objective on Littelfuse from $430.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $465.83.

Insider Activity

In other news, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the completion of the transaction, the director owned 64,928 shares in the company, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Littelfuse Stock Performance

Littelfuse stock opened at $421.28 on Friday. The company's 50-day moving average price is $432.14 and its 200-day moving average price is $407.52. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. The company has a market cap of $10.70 billion, a PE ratio of -842.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.49.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $0.41. The firm had revenue of $738.78 million during the quarter, compared to the consensus estimate of $703.38 million. Littelfuse had a negative net margin of 0.31% and a positive return on equity of 13.02%. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. On average, equities research analysts forecast that Littelfuse, Inc. will post 15.78 EPS for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. This is a boost from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. Littelfuse's dividend payout ratio (DPR) is currently -640.00%.

About Littelfuse

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse's offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company's product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.

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