Belpointe Asset Management LLC Purchases Shares of 1,633 Huntington Ingalls Industries, Inc. $HII

Key Points

• Belpointe Asset Management LLC has purchased a new stake of 1,633 shares of Huntington Ingalls Industries, valued at approximately $394,000, in the second quarter.
• Wall Street analysts have recently downgraded Huntington Ingalls Industries from a "strong-buy" to a "buy" rating, reflecting a shift in investor sentiment.
• The company declared a quarterly dividend of $1.35 per share, with a current annualized dividend yield of 1.9%.

Belpointe Asset Management LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,633 shares of the aerospace company's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in 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 buying an additional 64 shares during the period. Park Square Financial Group LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. grew its holdings in Huntington Ingalls Industries by 40.1% in the 1st 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 stake in Huntington Ingalls Industries in the 1st quarter valued at about $61,000. Finally, Allworth Financial LP grew its holdings in Huntington Ingalls Industries by 152.0% in 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 period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HII shares. Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huntington Ingalls Industries in a research note on Wednesday. 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 lifted 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. Finally, Barclays lifted 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. Three research 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 currently has a consensus rating of "Hold" and a consensus price target of $262.67.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $283.26 on Friday. The company has a market cap of $11.12 billion, a P/E ratio of 21.20, a PEG ratio of 1.64 and a beta of 0.38. The stock has a fifty day moving average price of $273.63 and a 200 day moving average price of $245.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $2.94 billion. During the same quarter in the prior year, the business posted $4.38 earnings per share. The company'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. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $1.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio is 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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