Canoe Financial LP Has $829,000 Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• Canoe Financial LP significantly increased its holdings in Huntington Ingalls Industries by 234.9% during Q2, now owning 3,433 shares valued at approximately $829,000.
• Huntington Ingalls Industries reported Q2 earnings of $3.86 per share, surpassing analyst estimates, and achieved a revenue of $3.08 billion, reflecting a 3.5% increase year-over-year.
• The company declared a quarterly dividend of $1.35 per share, with an annualized dividend yield of 2.0% and a payout ratio of 40.42%.

Canoe Financial LP increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 234.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,433 shares of the aerospace company's stock after acquiring an additional 2,408 shares during the quarter. Canoe Financial LP's holdings in Huntington Ingalls Industries were worth $829,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $26,000. HM Payson & Co. increased its stake in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the period. Park Square Financial Group LLC acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $31,000. Geneos Wealth Management Inc. raised 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 acquiring an additional 59 shares in the last quarter. Finally, Grove Bank & Trust bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $61,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 1.0%

HII stock opened at $275.12 on Friday. The firm has a 50-day moving average price of $266.75 and a 200-day moving average price of $236.22. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. 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 stock has a market capitalization of $10.80 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on HII. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. 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 report on Monday, August 4th. 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. TD Cowen upgraded shares of 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 research report on Thursday, July 10th. Finally, Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Three research 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.com, the company currently has an average rating of "Hold" and an average target price 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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