Adage Capital Partners GP L.L.C. Purchases 8,130 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Huntington Ingalls Industries by 15.5%, owning 60,660 shares worth approximately $12.4 million.
• Research analysts have set a current consensus target price for Huntington Ingalls Industries at $267.00, with three analysts rating the stock as a Buy, six as Hold, and one as Sell.
• The company announced a quarterly dividend of $1.35 per share, representing an annualized yield of 2.0%, with a payout ratio of 40.42%.

Adage Capital Partners GP L.L.C. raised its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,660 shares of the aerospace company's stock after buying an additional 8,130 shares during the period. Adage Capital Partners GP L.L.C. owned 0.15% of Huntington Ingalls Industries worth $12,377,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HII. GAMMA Investing LLC grew its position in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after purchasing an additional 491,695 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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 valued at $71,029,000 after purchasing an additional 354,374 shares in the last quarter. Auto Owners Insurance Co boosted its holdings 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 valued at $92,901,000 after purchasing an additional 333,308 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after acquiring an additional 206,271 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $37,800,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Up 0.8%

Shares of HII traded up $2.13 during trading hours on Thursday, reaching $274.06. The stock had a trading volume of 109,803 shares, compared to its average volume of 612,980. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The firm has a 50-day moving average of $264.14 and a 200 day moving average of $232.06. The company has a market cap of $10.75 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.53 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.94 billion. During the same quarter in the prior year, the company earned $4.38 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, sell-side 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 $1.35 dividend. The ex-dividend date is 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 currently 40.42%.

Analysts Set New Price Targets

HII has been the subject of a number of research analyst reports. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America lifted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. 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 report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus target price 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.