Groupama Asset Managment Has $755,000 Stock Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Groupama Asset Managment has significantly reduced its stake in Huntington Ingalls Industries, owning only 3,679 shares after a 41.9% cut, which reflects a broader trend of hedge funds modifying their holdings in the company.
• Huntington Ingalls Industries reported earnings of $3.86 per share, surpassing analyst expectations, with revenues of $3.08 billion, indicating a 3.5% year-over-year growth.
• The company declared a quarterly dividend of $1.35 per share, resulting in a 2.0% yield, with a payout ratio of 40.42%.

Groupama Asset Managment cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 41.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,679 shares of the aerospace company's stock after selling 2,653 shares during the period. Groupama Asset Managment's holdings in Huntington Ingalls Industries were worth $755,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. William B. Walkup & Associates Inc. boosted its stake in Huntington Ingalls Industries by 2.4% during the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock valued at $376,000 after purchasing an additional 44 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Huntington Ingalls Industries by 2.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after purchasing an additional 56 shares in the last quarter. HM Payson & Co. grew its stake in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Huntington Ingalls Industries by 8.6% in the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated 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 directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of 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. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Bank of America increased their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $267.00.

Huntington Ingalls Industries Stock Up 0.3%

Huntington Ingalls Industries stock traded up $0.82 during trading hours on Monday, hitting $270.80. The company had a trading volume of 163,545 shares, compared to its average volume of 628,664. The firm has a market capitalization of $10.63 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm's fifty day moving average is $255.42 and its 200-day moving average is $223.57. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating 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 firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business earned $4.38 EPS. The company'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. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid 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 dividend yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 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.