Baird Financial Group Inc. Grows Stock Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Baird Financial Group Inc. increased its stake in Huntington Ingalls Industries by 16.6% in Q1, acquiring a total of 6,600 shares worth approximately $1.35 million.
• Recent analyst reports show varied ratings for HII stock, with Barclays and TD Cowen raising target prices significantly to $295 and $300, respectively.
• The company announced a quarterly dividend of $1.35, equating to an annualized yield of 2.0%, with the ex-dividend date set for August 29th.

Baird Financial Group Inc. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,600 shares of the aerospace company's stock after buying an additional 942 shares during the period. Baird Financial Group Inc.'s holdings in Huntington Ingalls Industries were worth $1,347,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth about $26,000. HM Payson & Co. grew its stake in shares of 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 bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth about $31,000. Raiffeisen Bank International AG bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $36,000. Finally, Grove Bank & Trust bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth about $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HII has been the topic of several recent analyst reports. Barclays raised their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Zacks Research cut 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 target price on 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, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research note on Thursday, May 15th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $269.78 on Tuesday. The stock's 50 day simple moving average is $263.29 and its two-hundred day simple moving average is $231.54. 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 stock has a market cap of $10.59 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.55 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results 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. 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 analyst estimates of $2.94 billion. During the same period last year, the business earned $4.38 earnings per share. The business's 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, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

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.

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