Gradient Investments LLC Invests $1.61 Million in Huntington Ingalls Industries, Inc. $HII

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 bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,647 shares of the aerospace company's stock, valued at approximately $1,605,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HII. Focus Partners Wealth lifted its holdings 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 buying an additional 428 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Huntington Ingalls Industries by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 6,159 shares of the aerospace company's stock worth $1,163,000 after buying an additional 90 shares in the last quarter. Nuveen Asset Management LLC raised 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 purchasing an additional 18,685 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at about $244,000. Finally, ProShare Advisors LLC raised its stake in Huntington Ingalls Industries by 4.9% in the fourth quarter. ProShare Advisors LLC now owns 11,014 shares of the aerospace company's stock valued at $2,081,000 after purchasing an additional 511 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of analyst reports. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. 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 research note on Wednesday, August 13th. 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 research note on Monday, August 4th. Three research 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.com, Huntington Ingalls Industries presently has an average rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $272.39 on Tuesday. The stock has a market cap of $10.69 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.57 and a beta of 0.40. 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 stock's 50-day moving average is $265.44 and its 200-day moving average is $234.99. 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 announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business posted $4.38 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced 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 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 presently 40.42%.

Huntington Ingalls Industries Company 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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