Buttonwood Financial Advisors Inc. Purchases Shares of 1,049 Huntington Ingalls Industries, Inc. $HII

Key Points

• Buttonwood Financial Advisors Inc. has acquired 1,049 shares of Huntington Ingalls Industries, Inc., valued at approximately $253,000, indicating significant institutional investment interest in the aerospace company.
• Huntington Ingalls recently reported $3.86 earnings per share (EPS) for the last quarter, surpassing estimates and showing a 3.5% year-over-year revenue increase.
• The company announced a quarterly dividend of $1.35 per share, with an annualized yield of 2.0%, reflecting a solid dividend payout ratio of 40.42%.

Buttonwood Financial Advisors Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,049 shares of the aerospace company's stock, valued at approximately $253,000.

Several other large investors have also modified their holdings of HII. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $26,000. HM Payson & Co. boosted its holdings 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 valued at $31,000 after acquiring an additional 64 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 59 shares during the period. Finally, Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $61,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.1%

Shares of NYSE:HII opened at $275.75 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.58 and a beta of 0.40. The stock's 50-day moving average price is $267.85 and its two-hundred day moving average price is $238.34.

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 analysts' consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.38 EPS. 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 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Bank of America increased their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Finally, Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $264.43.

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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