Camelot Portfolios LLC Has $247,000 Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• Camelot Portfolios LLC decreased its holdings in Huntington Ingalls Industries by 65.3% during the 2nd quarter, ending with shares valued at $247,000 after selling 1,925 shares.
• Huntington Ingalls Industries reported $3.86 earnings per share for the quarter, exceeding estimates by $0.63, while revenue reached $3.08 billion, up 3.5% from the previous year.
• The company recently declared a quarterly dividend of $1.35, translating to an annualized dividend of $5.40 and a yield of 1.9%, with a payout ratio of 40.42%.

Camelot Portfolios LLC lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 65.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,023 shares of the aerospace company's stock after selling 1,925 shares during the period. Camelot Portfolios LLC's holdings in Huntington Ingalls Industries were worth $247,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peddock Capital Advisors LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $483,000. Buttonwood Financial Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $253,000. Revisor Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $374,000. Teacher Retirement System of Texas bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $243,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Up 3.0%

Shares of HII stock opened at $279.29 on Friday. The firm has a 50 day moving average price of $269.14 and a two-hundred day moving average price of $240.04. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10.96 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40. 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 issued its quarterly earnings data 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 firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders 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 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of research reports. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays raised their target price on shares of 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, Bank of America raised their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $264.43.

Huntington Ingalls Industries 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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