3Chopt Investment Partners LLC Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• 3Chopt Investment Partners LLC has made a new investment in Huntington Ingalls Industries, Inc. by acquiring 994 shares valued at approximately $240,000.
• Analyst ratings for HII are mixed, with price targets ranging from $180.00 to $300.00 and a current consensus rating of "Hold".
• The company recently announced a quarterly dividend of $1.35 per share, representing an annualized yield of 1.9%.

3Chopt Investment Partners LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 994 shares of the aerospace company's stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. HM Payson & Co. boosted its position in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the last quarter. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries in the first quarter worth $31,000. Geneos Wealth Management Inc. raised its stake in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock valued at $42,000 after buying an additional 59 shares during the period. Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $61,000. Finally, Allworth Financial LP lifted its position in shares of Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company's stock valued at $71,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the topic of a number of recent research reports. Bank of America upped their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Barclays upped their price target 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. Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $262.67.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $283.26 on Friday. 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, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.64 and a beta of 0.38. The business's fifty day moving average is $273.63 and its 200 day moving average is $245.44.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $4.38 EPS. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.