First Hawaiian Bank Has $1.33 Million Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• First Hawaiian Bank increased its stake in Huntington Ingalls Industries, Inc. by 22.3% during the first quarter, resulting in ownership of 6,494 shares valued at approximately $1.33 million.
• Analysts have mixed views on Huntington Ingalls, with TD Cowen upgrading the stock to a "buy" rating while Zacks Research has downgraded it to a "hold" rating.
• The company reported $3.86 EPS, exceeding analyst expectations, and announced a quarterly dividend of $1.35 per share at a yield of 2.0%.

First Hawaiian Bank boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,494 shares of the aerospace company's stock after buying an additional 1,182 shares during the quarter. First Hawaiian Bank's holdings in Huntington Ingalls Industries were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after acquiring an additional 59 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Huntington Ingalls Industries by 23.5% during the 1st quarter. IFM Investors Pty Ltd now owns 5,514 shares of the aerospace company's stock worth $1,125,000 after purchasing an additional 1,051 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Huntington Ingalls Industries during the 1st quarter valued at about $326,000. Alaethes Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $1,300,000. Finally, Optimize Financial Inc acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $233,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $275.18 on Friday. The stock's fifty day simple moving average is $265.07 and its 200 day simple moving average is $233.90. 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 capitalization of $10.80 billion, a PE ratio of 20.60, a PEG ratio of 1.58 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations 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 revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, 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 announced 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

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.

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