Apollon Wealth Management LLC Invests $255,000 in Huntington Ingalls Industries, Inc. $HII

Key Points

• Apollon Wealth Management LLC invested $255,000 in Huntington Ingalls Industries, acquiring 1,058 shares during the second quarter.
• Equities analysts are optimistic about Huntington Ingalls, with TD Cowen upgrading the stock from "hold" to "buy" and raising the price target to $300.00.
• The company reported earnings of $3.86 per share for the last quarter, surpassing analysts' expectations, alongside a revenue of $3.08 billion.

Apollon Wealth Management LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,058 shares of the aerospace company's stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HM Payson & Co. grew its stake in Huntington Ingalls Industries by 71.9% during 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 in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after purchasing an additional 59 shares during the last quarter. Allworth Financial LP grew its position in shares of Huntington Ingalls Industries by 152.0% in the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 193 shares in the last quarter. Finally, Capital Analysts LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $77,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HII shares. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. 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 upped their price objective 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 stock an "underperform" rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $262.67.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $279.91 on Friday. The company's 50 day simple moving average is $275.50 and its 200-day simple moving average is $248.56. 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 1 year low of $158.88 and a 1 year high of $296.03. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.60 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the company posted $4.38 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. 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 1.9%. Huntington Ingalls Industries's payout ratio is presently 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.

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