Drucker Wealth 3.0 LLC Has $1.45 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• Drucker Wealth 3.0 LLC reduced its stake in Huntington Ingalls Industries by 25.9%, now holding 5,833 shares worth approximately $1.45 million.
• Huntington Ingalls Industries reported a quarterly earnings EPS of $3.86, beating analysts' expectations of $3.23 and showing a revenue increase to $3.08 billion.
• The company's recent quarterly dividend paid was $1.35 per share, translating to an annualized dividend yield of 1.9%.

Drucker Wealth 3.0 LLC cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,833 shares of the aerospace company's stock after selling 2,034 shares during the period. Drucker Wealth 3.0 LLC's holdings in Huntington Ingalls Industries were worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HII. Merit Financial Group LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $203,000. Farther Finance Advisors LLC increased its holdings in Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after purchasing an additional 56 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Huntington Ingalls Industries by 3.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,515 shares of the aerospace company's stock valued at $921,000 after purchasing an additional 154 shares in the last quarter. GAMMA Investing LLC increased its holdings in Huntington Ingalls Industries by 269.0% during the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 1,759 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $885,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 1.0%

HII stock opened at $283.26 on Friday. The company has a market cap of $11.12 billion, a P/E ratio of 21.20, a PEG ratio of 1.64 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average of $273.63 and a 200-day moving average of $245.44.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS 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 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 firm earned $4.38 earnings per share. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HII. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. Wall Street Zen lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Barclays boosted their target price on 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. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $262.67.

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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.