IFM Investors Pty Ltd Acquires 1,051 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• IFM Investors Pty Ltd increased its stake in Huntington Ingalls Industries by 23.5% in Q1, now holding 5,514 shares valued at approximately $1.13 million.
• Huntington Ingalls Industries' recent earnings report showed EPS of $3.86, exceeding estimates of $3.23, and quarterly revenue of $3.08 billion, up 3.5% year-over-year.
• The company's stock has a consensus rating of "Hold" from analysts, with an average price target of $264.43, amid various rating changes from firms like Bank of America and Zacks Research.

IFM Investors Pty Ltd boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 23.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,514 shares of the aerospace company's stock after purchasing an additional 1,051 shares during the period. IFM Investors Pty Ltd's holdings in Huntington Ingalls Industries were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ransom Advisory Ltd acquired a new stake in Huntington Ingalls Industries in the first quarter valued at $326,000. Alaethes Wealth LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth about $1,300,000. Optimize Financial Inc acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth about $233,000. Stuart Chaussee & Associates Inc. acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth about $109,000. Finally, MBB Public Markets I LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth about $320,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on HII shares. Bank of America increased their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Barclays increased their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $1.68 during mid-day trading on Thursday, reaching $274.14. 133,330 shares of the company's stock were exchanged, compared to its average volume of 607,027. The business's fifty day simple moving average is $266.41 and its 200 day simple moving average is $235.52. The firm has a market capitalization of $10.76 billion, a PE ratio of 20.53, a P/E/G ratio of 1.56 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. 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 (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. The business 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $4.38 earnings per share. 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 year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 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.