1,847 Shares in Huntington Ingalls Industries, Inc. $HII Acquired by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC acquired 1,847 shares of Huntington Ingalls Industries, valued at approximately $446,000, during the 2nd quarter.
• Huntington Ingalls Industries recently reported quarterly earnings of $3.86 per share, exceeding analysts' expectations of $3.23, and recorded a revenue of $3.08 billion.
• The firm declared a quarterly dividend of $1.35 per share, which translates to an annualized dividend yield of 1.9%.

TriaGen Wealth Management LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,847 shares of the aerospace company's stock, valued at approximately $446,000.

A number of other large investors have also bought and sold shares of the company. Earnest Partners LLC lifted its position in shares of Huntington Ingalls Industries by 7.5% during the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock valued at $182,443,000 after buying an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock valued at $148,686,000 after acquiring an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock valued at $109,108,000 after purchasing an additional 114,635 shares during the last quarter. Auto Owners Insurance Co boosted its position in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock worth $83,311,000 after purchasing an additional 197,825 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of recent research reports. Barclays upped their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Saturday, September 27th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Up 1.5%

HII opened at $288.59 on Tuesday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The company has a fifty day moving average price of $272.06 and a 200-day moving average price of $243.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $4.38 earnings per share. The firm's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

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