6,647 Shares in Huntington Ingalls Industries, Inc. $HII Purchased by Gradient Investments LLC

Key Points

• Gradient Investments LLC has invested approximately $1.61 million in Huntington Ingalls Industries, Inc. by acquiring 6,647 shares in the second quarter.
• Institutions hold 90.46% of Huntington Ingalls' stock, with significant increases in holdings reported from Focus Partners Wealth and Nuveen Asset Management.
• The company recently declared a quarterly dividend of $1.35 per share, representing a 2.0% annual yield and a dividend payout ratio of 40.42%.

Gradient Investments LLC purchased 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,647 shares of the aerospace company's stock, valued at approximately $1,605,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in Huntington Ingalls Industries during the first quarter worth approximately $1,324,000. GAMMA Investing LLC increased its position 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 purchasing an additional 1,759 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Huntington Ingalls Industries during the first quarter worth approximately $247,000. Ninety One UK Ltd acquired a new position in Huntington Ingalls Industries during the first quarter worth approximately $14,924,000. Finally, First Hawaiian Bank increased its position 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 purchasing an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on HII shares. 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 report on Wednesday, August 13th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Barclays boosted their price objective on shares of 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. 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. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Stock Up 0.1%

HII traded up $0.30 during trading on Friday, hitting $274.99. The company had a trading volume of 1,344,055 shares, compared to its average volume of 383,667. The company has a market cap of $10.79 billion, a PE ratio of 20.58, a P/E/G ratio of 1.57 and a beta of 0.40. The business has a 50-day moving average of $267.08 and a 200-day moving average of $236.93. 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 1-year low of $158.88 and a 1-year high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.35 dividend. The ex-dividend date of this dividend was 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%.

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.