Alaethes Wealth LLC Invests $1.30 Million in Huntington Ingalls Industries, Inc. $HII

Key Points

• Alaethes Wealth LLC acquired 6,370 shares of Huntington Ingalls Industries, Inc., valued at approximately $1.3 million, in the first quarter of the year.
• Institutional investors hold 90.46% of the stock, with significant increases in positions from firms like Deutsche Bank AG, which raised its stake by 96.7% in the previous quarter.
• Huntington Ingalls Industries reported an EPS of $3.86 for the last quarter, surpassing estimates, and announced a quarterly dividend of $1.35 per share.

Alaethes Wealth LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,370 shares of the aerospace company's stock, valued at approximately $1,300,000.

Other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $26,000. HM Payson & Co. increased 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 acquiring an additional 64 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $31,000. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

HII traded down $0.89 during trading on Friday, hitting $275.18. The stock had a trading volume of 217,119 shares, compared to its average volume of 375,680. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market capitalization of $10.80 billion, a P/E ratio of 20.60, a PEG ratio of 1.58 and a beta of 0.40. The company's 50-day moving average price is $265.07 and its 200 day moving average price is $233.90. 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 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. The company had revenue of $3.08 billion for 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%. Huntington Ingalls Industries's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Analysts Set New Price Targets

HII has been the topic of a number of recent research reports. Zacks Research cut 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 report on Sunday, September 7th. Barclays lifted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Bank of America lifted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $264.43.

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.