EdgeRock Capital LLC Takes $364,000 Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• EdgeRock Capital LLC has acquired a new position in Huntington Ingalls Industries, purchasing 1,509 shares valued at approximately $364,000.
• Other institutional investors, including GAMMA Investing LLC and Auto Owners Insurance Co, have significantly increased their stakes, indicating strong interest with 90.46% of the company owned by such entities.
• Huntington Ingalls Industries reported a quarterly EPS of $3.86, exceeding analyst expectations, and paid a $1.35 quarterly dividend with a yield of 2.0%.

EdgeRock Capital LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,509 shares of the aerospace company's stock, valued at approximately $364,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after purchasing an additional 491,695 shares in the last quarter. Auto Owners Insurance Co increased its holdings in shares of 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 valued at $92,901,000 after purchasing an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock worth $83,311,000 after acquiring an additional 197,825 shares during the period. Dimensional Fund Advisors LP increased its position in Huntington Ingalls Industries by 26.0% during 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 during the period. Finally, Diamond Hill Capital Management Inc. increased its position in Huntington Ingalls Industries by 27.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after purchasing an additional 114,635 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

HII stock opened at $270.61 on Friday. The stock has a 50-day moving average price of $268.64 and a two-hundred day moving average price of $239.12. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a market cap of $10.62 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.59 and a beta of 0.40.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's payout ratio is currently 40.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HII. Bank of America upped their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Barclays boosted 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. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $264.43.

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.