Consolidated Portfolio Review Corp Purchases New Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Consolidated Portfolio Review Corp acquired 964 shares of Huntington Ingalls Industries, Inc. for approximately $233,000 in a recent SEC filing, marking a new position in the aerospace company.
• Institutional investors collectively own over 90% of Huntington Ingalls, with several firms significantly increasing their stakes in the first quarter of 2023.
• Huntington Ingalls reported earnings per share of $3.86 for the last quarter, exceeding analyst expectations, and has also announced a quarterly dividend of $1.35 with a yield of 1.9%.

Consolidated Portfolio Review Corp acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 964 shares of the aerospace company's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 7.5% in the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock valued at $182,443,000 after acquiring an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after purchasing an additional 150,204 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Huntington Ingalls Industries by 27.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock valued at $109,108,000 after purchasing an additional 114,635 shares during the last quarter. Auto Owners Insurance Co boosted its stake in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock valued at $92,901,000 after purchasing an additional 333,308 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock valued at $83,311,000 after purchasing an additional 197,825 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. 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. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $282.10 on Friday. The company has a market capitalization of $11.07 billion, a PE ratio of 21.12, a P/E/G ratio of 1.64 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The firm has a fifty day simple moving average of $271.14 and a 200 day simple moving average of $242.08.

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, topping 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 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 business posted $4.38 EPS. 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, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

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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