CW Advisors LLC Buys Shares of 1,110 Huntington Ingalls Industries, Inc. $HII

Key Points

• CW Advisors LLC has invested approximately $227,000 in Huntington Ingalls Industries, acquiring 1,110 shares in the first quarter of the year.
• Analysts have recently raised their price targets for Huntington Ingalls, with Goldman Sachs increasing their target from $236.00 to $265.00 and Barclays from $235.00 to $295.00 while maintaining a "buy" rating.
• The company has announced a quarterly dividend of $1.35 per share, which will result in an annualized dividend of $5.40 and a dividend yield of 2.0% for stockholders of record.

CW Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,110 shares of the aerospace company's stock, valued at approximately $227,000.

A number of other hedge funds also recently bought and sold shares of HII. MGO One Seven LLC bought a new position in Huntington Ingalls Industries in the 4th quarter worth $210,000. Voya Investment Management LLC raised its holdings in Huntington Ingalls Industries by 30.1% in the 4th quarter. Voya Investment Management LLC now owns 18,218 shares of the aerospace company's stock worth $3,443,000 after purchasing an additional 4,213 shares during the period. Northern Trust Corp raised its holdings in Huntington Ingalls Industries by 10.0% in the 4th quarter. Northern Trust Corp now owns 354,852 shares of the aerospace company's stock worth $67,056,000 after purchasing an additional 32,344 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Huntington Ingalls Industries in the 4th quarter worth $10,063,000. Finally, Comerica Bank raised its holdings in Huntington Ingalls Industries by 14.5% in the 4th quarter. Comerica Bank now owns 6,443 shares of the aerospace company's stock worth $1,218,000 after purchasing an additional 817 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. Barclays raised their price target 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. Wall Street Zen raised Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $267.00.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded down $4.77 during trading hours on Monday, hitting $270.50. The stock had a trading volume of 363,920 shares, compared to its average volume of 399,731. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one 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 stock's 50-day moving average price is $259.40 and its two-hundred day moving average price is $227.31. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.55 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the firm posted $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. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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