Hotchkis & Wiley Capital Management LLC Acquires 107,009 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Huntington Ingalls Industries by 73.5%, owning 252,639 shares valued at approximately $51.5 million after acquiring an additional 107,009 shares.
• Huntington Ingalls recently reported a quarterly EPS of $3.86, exceeding estimates, with a year-over-year revenue increase of 3.5% to $3.08 billion.
• The company declared a quarterly dividend of $1.35, with an annualized yield of 2.0% and a payout ratio of 40.42% for its shareholders.

Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,639 shares of the aerospace company's stock after buying an additional 107,009 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.64% of Huntington Ingalls Industries worth $51,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HII. GAMMA Investing LLC boosted its stake in shares of Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Huntington Ingalls Industries by 1,648.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares during the last quarter. Auto Owners Insurance Co lifted its stake in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Huntington Ingalls Industries by 4,900.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares during the last quarter. Finally, Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after purchasing an additional 204,376 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII traded up $0.93 during mid-day trading on Tuesday, reaching $271.65. 432,727 shares of the stock were exchanged, compared to its average volume of 499,346. The business has a fifty day moving average price of $256.25 and a 200 day moving average price of $224.28. The firm has a market capitalization of $10.66 billion, a PE ratio of 20.26, a PEG ratio of 1.55 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.Huntington Ingalls Industries's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 40.42%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HII. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America raised their price objective 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. Barclays raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $267.00.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

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.