American Century Companies Inc. Buys 67,274 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• American Century Companies Inc. increased its stake in Huntington Ingalls Industries by 49.1% in Q1, holding approximately 204,420 shares valued at $41.71 million.
• Huntington Ingalls reported $3.86 EPS for the last quarter, surpassing analyst expectations of $3.23, along with a revenue of $3.08 billion.
• A quarterly dividend of $1.35 per share will be paid on September 12th, reflecting an annualized yield of 2.0%.

American Century Companies Inc. lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 49.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,420 shares of the aerospace company's stock after purchasing an additional 67,274 shares during the quarter. American Century Companies Inc. owned 0.52% of Huntington Ingalls Industries worth $41,710,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HII. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $26,000. HM Payson & Co. grew its holdings in shares of Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $31,000. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth $36,000. Finally, Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $61,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by company insiders.

Huntington Ingalls Industries Trading Up 0.3%

Shares of HII stock traded up $0.93 during mid-day trading on Tuesday, reaching $271.65. 432,727 shares of the stock traded hands, compared to its average volume of 499,346. The stock's fifty day simple moving average is $257.00 and its two-hundred day simple moving average is $224.61. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $4.38 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on HII. Wall Street Zen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Bank of America raised their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Barclays raised their price objective on 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. Finally, 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $267.00.

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.