Eisler Capital Management Ltd. Sells 20,929 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Eisler Capital Management Ltd. significantly reduced its holdings in Huntington Ingalls Industries by 69.2%, now owning 9,325 shares worth approximately $1.9 million.
• Several institutional investors have also altered their positions in HII, with 90.46% of the stock now held by hedge funds and other institutional investors.
• Wall Street analysts have raised their price targets for HII, with Goldman Sachs increasing theirs from $236.00 to $265.00, amidst a generally favorable outlook for the company.

Eisler Capital Management Ltd. cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 69.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,325 shares of the aerospace company's stock after selling 20,929 shares during the period. Eisler Capital Management Ltd.'s holdings in Huntington Ingalls Industries were worth $1,904,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth $1,324,000. GAMMA Investing LLC lifted its holdings in Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after acquiring an additional 1,759 shares in the last quarter. Sowell Financial Services LLC bought a new position in Huntington Ingalls Industries during the first quarter worth about $247,000. Ninety One UK Ltd bought a new position in Huntington Ingalls Industries during the first quarter worth about $14,924,000. Finally, First Hawaiian Bank lifted its holdings in Huntington Ingalls Industries by 22.3% during the first quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company's stock worth $1,325,000 after acquiring an additional 1,182 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HII has been the topic of several recent analyst reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Bank of America boosted 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 upgraded Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. 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, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $267.00.

Huntington Ingalls Industries Stock Down 1.7%

HII traded down $4.77 on Monday, hitting $270.50. 363,920 shares of the company were exchanged, compared to its average volume of 399,731. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The company has a market cap of $10.61 billion, a PE ratio of 20.25, a PEG ratio of 1.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock's fifty day moving average is $259.40 and its 200-day moving average is $227.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The firm 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%.The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid 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 is currently 40.42%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

About Huntington Ingalls Industries

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.