Huntington Ingalls Industries, Inc. $HII Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Huntington Ingalls Industries by 71.7%, now owning 1,656 shares valued at $338,000.
• The company reported $3.86 EPS for the last quarter, significantly exceeding analyst estimates of $3.23, with a revenue of $3.08 billion.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35, with an annualized yield of 2.0%, and a payout ratio of 40.42%.

OMERS ADMINISTRATION Corp cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 71.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,656 shares of the aerospace company's stock after selling 4,200 shares during the period. OMERS ADMINISTRATION Corp's holdings in Huntington Ingalls Industries were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of HII. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the first quarter worth $26,000. Park Square Financial Group LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $31,000. HM Payson & Co. lifted its holdings 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 buying an additional 64 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Huntington Ingalls Industries during the 4th quarter worth $36,000. Finally, Grove Bank & Trust bought a new position in Huntington Ingalls Industries during the first quarter worth about $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HII. Barclays raised 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 report on Monday, August 4th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. 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 Trading Down 0.8%

HII traded down $2.17 during midday trading on Monday, reaching $268.96. 215,138 shares of the company's stock traded hands, compared to its average volume of 617,120. 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 has a fifty day moving average of $262.73 and a two-hundred day moving average of $230.84. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.55 and a beta of 0.40.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's payout ratio is 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.