Blair William & Co. IL Makes New $330,000 Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Blair William & Co. IL made a new investment of approximately $330,000 in Huntington Ingalls Industries, acquiring 1,368 shares during the second quarter.
• Huntington Ingalls Industries reported earnings of $3.86 per share, surpassing analysts' expectations, alongside a revenue of $3.08 billion for the quarter.
• The company announced a quarterly dividend of $1.35 per share, translating to an annual yield of 1.9%.

Blair William & Co. IL acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,368 shares of the aerospace company's stock, valued at approximately $330,000.

A number of other hedge funds have also recently bought and sold shares of HII. Auto Owners Insurance Co boosted its holdings in Huntington Ingalls Industries by 273.2% during the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after acquiring an additional 333,308 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock worth $83,311,000 after buying an additional 197,825 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after buying an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after buying an additional 114,635 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 73.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company's stock worth $51,548,000 after buying an additional 107,009 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 1.0%

HII stock opened at $279.91 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is $275.50 and its 200 day moving average is $248.56. The stock has a market cap 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, Inc. has a 1-year low of $158.88 and a 1-year high of $296.03.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its 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. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

Analyst Ratings Changes

HII has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Bank of America boosted 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 boosted 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, Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $262.67.

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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