Kettle Hill Capital Management LLC Invests $4.82 Million in Huntington Ingalls Industries, Inc. $HII

Key Points

• Kettle Hill Capital Management LLC acquired 23,607 shares of Huntington Ingalls Industries, valued at approximately $4.8 million, making it the firm's 22nd largest holding.
• Huntington Ingalls Industries has recently seen analysts adjusting target prices, with Bank of America increasing it from $180 to $260, while TD Cowen raised it from $250 to $300.
• The company reported a quarterly EPS of $3.86, exceeding estimates, and also announced a quarterly dividend of $1.35 per share with a 2.0% yield.

Kettle Hill Capital Management LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 23,607 shares of the aerospace company's stock, valued at approximately $4,817,000. Huntington Ingalls Industries comprises approximately 1.3% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 22nd largest holding. Kettle Hill Capital Management LLC owned 0.06% of Huntington Ingalls Industries as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HII. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at about $26,000. HM Payson & Co. boosted its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after buying an additional 64 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries during the 4th quarter worth $36,000. Finally, Grove Bank & Trust bought a new position in Huntington Ingalls Industries during the 1st quarter worth $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Down 1.1%

Shares of HII stock traded down $3.10 on Tuesday, reaching $266.84. 431,770 shares of the stock were exchanged, compared to its average volume of 617,172. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The business's 50 day moving average price is $263.29 and its 200 day moving average price is $231.54. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.55 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays boosted their price objective on 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. Finally, Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $264.43.

About Huntington Ingalls Industries

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.