Comerica Bank Buys 3,394 Shares of Huntington Ingalls Industries, Inc. $HII

Comerica Bank boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 52.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,837 shares of the aerospace company's stock after buying an additional 3,394 shares during the period. Comerica Bank's holdings in Huntington Ingalls Industries were worth $2,007,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HII. GAMMA Investing LLC raised its position in shares of Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Huntington Ingalls Industries by 1,648.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares in the last quarter. Auto Owners Insurance Co raised its holdings in Huntington Ingalls Industries by 273.2% in the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Huntington Ingalls Industries by 4,900.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after buying an additional 206,271 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $37,800,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America upped their target price 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. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Barclays upped their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $269.72 on Wednesday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The business has a fifty day moving average price of $260.82 and a 200-day moving average price of $228.36. The company has a market capitalization of $10.58 billion, a PE ratio of 20.19, a PEG ratio of 1.55 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $4.38 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 40.42%.

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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