Wellington Management Group LLP lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 60.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,550 shares of the aerospace company's stock after selling 3,870 shares during the quarter. Wellington Management Group LLP's holdings in Huntington Ingalls Industries were worth $520,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $26,000. Park Square Financial Group LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $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 valued at $31,000 after purchasing an additional 64 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at $36,000. Finally, Grove Bank & Trust acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.
Huntington Ingalls Industries Price Performance
Shares of HII stock traded up $1.05 during trading on Friday, hitting $271.03. The company had a trading volume of 362,653 shares, compared to its average volume of 370,099. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market capitalization of $10.64 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The stock's 50-day moving average price is $262.73 and its 200 day moving average price is $230.47. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.34% and a net margin of 4.54%.The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
The business also recently declared 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 dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is 40.42%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Wall Street Zen raised Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Bank of America upped their target price 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 downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Finally, Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $267.00.
View Our Latest Stock Report on HII
About Huntington Ingalls Industries
(
Free Report)
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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