Huntington Ingalls Industries, Inc. $HII Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Huntington Ingalls Industries by 26.0%, owning 1.86% of the company with 728,692 shares valued at approximately $148.7 million as of the latest SEC filing.
• The company reported earnings of $3.86 per share for the last quarter, exceeding analyst estimates by $0.63, and a revenue of $3.08 billion, surpassing predictions by a notable margin.
• Huntington Ingalls has announced a quarterly dividend of $1.35 per share, reflecting a 2.0% yield, slated for payment on September 12th, with a dividend payout ratio of 40.42%.

Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 728,692 shares of the aerospace company's stock after buying an additional 150,204 shares during the period. Dimensional Fund Advisors LP owned 1.86% of Huntington Ingalls Industries worth $148,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $26,000. HM Payson & Co. boosted its stake in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter worth $31,000. Raiffeisen Bank International AG purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $36,000. Finally, Grove Bank & Trust acquired a new position in Huntington Ingalls Industries in the first quarter valued at $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

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 transaction, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays lifted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued 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.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $266.9630 on Thursday. 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 company has a 50-day simple moving average of $253.94 and a 200-day simple moving average of $221.95. The company has a market capitalization of $10.48 billion, a PE ratio of 19.98, a P/E/G ratio of 1.56 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share 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 company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $4.38 earnings per share. The firm'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. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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 paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 40.42%.

About Huntington Ingalls Industries

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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