Contravisory Investment Management Inc. Takes $496,000 Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Contravisory Investment Management Inc. bought 2,054 shares of Huntington Ingalls Industries for approximately $496,000 during the second quarter.
• Wall Street analysts have downgraded the stock's rating from "strong-buy" to "buy", with varying target prices; the average target price currently sits at $264.43.
• The company recently announced a quarterly dividend of $1.35, representing an annualized yield of 2.0% with a payout ratio of 40.42%.

Contravisory Investment Management Inc. purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,054 shares of the aerospace company's stock, valued at approximately $496,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas purchased a new position in Huntington Ingalls Industries during the first quarter valued at $1,324,000. GAMMA Investing LLC boosted its holdings in shares of Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 1,759 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $247,000. Ninety One UK Ltd bought a new position in Huntington Ingalls Industries in the first quarter worth approximately $14,924,000. Finally, First Hawaiian Bank raised its stake in Huntington Ingalls Industries by 22.3% in the first quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company's stock worth $1,325,000 after buying an additional 1,182 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $0.30 during midday trading on Friday, reaching $274.99. 1,344,055 shares of the company were exchanged, compared to its average volume of 383,667. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The company has a market cap of $10.79 billion, a P/E ratio of 20.58, a PEG ratio of 1.58 and a beta of 0.40. The company's 50 day moving average price is $267.08 and its two-hundred day moving average price is $237.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

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

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Barclays boosted 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 report on Monday, August 4th. Bank of America boosted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $264.43.

Huntington Ingalls Industries Company 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.