Canada Pension Plan Investment Board Purchases 4,800 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• The Canada Pension Plan Investment Board increased its stake in Huntington Ingalls Industries by 42.0%, holding 16,231 shares valued at $3.31 million by the end of the first quarter.
• Several analysts upgraded Huntington Ingalls Industries, with a new target price set at $265.00 by Alembic Global Advisors and an upgraded rating to "strong-buy" by Wall Street Zen.
• The company announced a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 2.0%.

Canada Pension Plan Investment Board raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 42.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,231 shares of the aerospace company's stock after acquiring an additional 4,800 shares during the quarter. Canada Pension Plan Investment Board's holdings in Huntington Ingalls Industries were worth $3,312,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HII. Sentry Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $26,000. HM Payson & Co. raised its position in shares of Huntington Ingalls Industries by 71.9% in the 1st 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 purchased a new stake in Huntington Ingalls Industries during the first quarter valued at $31,000. Raiffeisen Bank International AG purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at approximately $36,000. Finally, Grove Bank & Trust purchased a new stake in Huntington Ingalls Industries in the first quarter worth $61,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.7%

HII stock traded down $2.03 during midday trading on Monday, reaching $269.10. The company's stock had a trading volume of 238,687 shares, compared to its average volume of 617,190. The stock has a fifty day simple moving average of $262.73 and a two-hundred day simple moving average of $230.84. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the business earned $4.38 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities research analysts predict 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 will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America boosted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average price target of $267.00.

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.