Earnest Partners LLC Buys 62,190 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Earnest Partners LLC increased its holdings in Huntington Ingalls Industries by 7.5% to approximately $182.44 million, making it the 25th largest position in their portfolio.
• Institutional investors own around 90.46% of Huntington Ingalls' stock, with several hedge funds significantly increasing their stakes in the 1st quarter.
• The company reported earnings per share of $3.86 in its recent quarterly results, surpassing estimates and indicating a revenue increase of 3.5% compared to the previous year.

Earnest Partners LLC raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894,155 shares of the aerospace company's stock after acquiring an additional 62,190 shares during the period. Huntington Ingalls Industries makes up about 0.9% of Earnest Partners LLC's portfolio, making the stock its 25th biggest holding. Earnest Partners LLC owned approximately 2.28% of Huntington Ingalls Industries worth $182,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. GAMMA Investing LLC raised its holdings in Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after acquiring an additional 1,759 shares in the last quarter. Eisler Capital Management Ltd. acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $5,679,000. Sowell Financial Services LLC acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $247,000. Finally, Ninety One UK Ltd acquired a new position in Huntington Ingalls Industries in the 1st quarter valued at $14,924,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on HII shares. Wall Street Zen raised Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday. Bank of America boosted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $267.00.

Huntington Ingalls Industries Price Performance

HII stock traded down $4.77 during midday trading on Monday, reaching $270.50. 363,920 shares of the stock were exchanged, compared to its average volume of 399,731. The stock has a market capitalization of $10.61 billion, a PE ratio of 20.25, a P/E/G ratio of 1.55 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week 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 company has a fifty day moving average price of $259.40 and a 200 day moving average price of $227.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's payout ratio 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.