Huntington Ingalls Industries, Inc. $HII Shares Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd has reduced its stake in Huntington Ingalls Industries by 42.1%, selling 30,763 shares, leaving them with approximately 42,379 shares worth around $10.23 million.
• Several analysts have adjusted their ratings and price targets for Huntington Ingalls Industries, with Barclays increasing the target to $295.00 and Bank of America decreasing theirs to $260.00.
• The company has posted a quarterly earnings per share (EPS) of $3.86, exceeding analysts' expectations, and recently declared a quarterly dividend of $1.35 per share with a yield of 1.9%.

Ninety One UK Ltd decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 42.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,379 shares of the aerospace company's stock after selling 30,763 shares during the quarter. Ninety One UK Ltd owned approximately 0.11% of Huntington Ingalls Industries worth $10,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HII. Wellington Management Group LLP raised its stake in Huntington Ingalls Industries by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 6,420 shares of the aerospace company's stock worth $1,213,000 after acquiring an additional 370 shares during the period. Rhumbline Advisers increased its stake in shares of Huntington Ingalls Industries by 7.7% in the first quarter. Rhumbline Advisers now owns 83,248 shares of the aerospace company's stock valued at $16,986,000 after purchasing an additional 5,962 shares during the period. Czech National Bank increased its stake in shares of Huntington Ingalls Industries by 5.9% in the first quarter. Czech National Bank now owns 8,986 shares of the aerospace company's stock valued at $1,834,000 after purchasing an additional 502 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $203,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HII shares. Bank of America raised their price target 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. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays raised their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $264.43.

Huntington Ingalls Industries Trading Down 0.6%

Huntington Ingalls Industries stock opened at $286.09 on Thursday. The firm has a 50 day simple moving average of $270.77 and a 200-day simple moving average of $241.56. 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 stock has a market capitalization of $11.23 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.65 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was 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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.