Huntington Ingalls Industries, Inc. $HII Shares Bought by First Hawaiian Bank

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 lifted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 22.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,494 shares of the aerospace company's stock after acquiring an additional 1,182 shares during the quarter. First Hawaiian Bank's holdings in Huntington Ingalls Industries were worth $1,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth grew its stake in shares of Huntington Ingalls Industries by 40.2% during the fourth quarter. Focus Partners Wealth now owns 1,492 shares of the aerospace company's stock worth $303,000 after purchasing an additional 428 shares during the period. Janus Henderson Group PLC grew its stake in Huntington Ingalls Industries by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 6,159 shares of the aerospace company's stock valued at $1,163,000 after acquiring an additional 90 shares during the period. Nuveen Asset Management LLC grew its stake in Huntington Ingalls Industries by 12.1% in the fourth quarter. Nuveen Asset Management LLC now owns 172,629 shares of the aerospace company's stock valued at $32,622,000 after acquiring an additional 18,685 shares during the period. Nomura Holdings Inc. acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $244,000. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $109,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Up 0.2%

Shares of NYSE:HII traded up $0.46 during trading on Thursday, reaching $272.92. 101,756 shares of the company were exchanged, compared to its average volume of 606,844. The firm has a market capitalization of $10.71 billion, a PE ratio of 20.43, a P/E/G ratio of 1.56 and a beta of 0.40. The business's fifty day simple moving average is $266.41 and its 200-day simple moving average is $235.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. 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 quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $4.38 earnings per share. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on HII shares. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays increased their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Bank of America increased their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.