Invenomic Capital Management LP Purchases 24,018 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Invenomic Capital Management LP increased its stake in Huntington Ingalls Industries by 45.6%, acquiring an additional 24,018 shares, bringing their total ownership to approximately 76,699 shares valued at $15.65 million.
• Huntington Ingalls Industries reported earnings of $3.86 per share for the latest quarter, significantly exceeding analysts' expectations of $3.23, alongside revenues of $3.08 billion.
• The company will pay a quarterly dividend of $1.35 per share on September 12th, which equates to an annualized dividend of $5.40 and a yield of 2.0%.

Invenomic Capital Management LP lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,699 shares of the aerospace company's stock after acquiring an additional 24,018 shares during the period. Invenomic Capital Management LP owned approximately 0.20% of Huntington Ingalls Industries worth $15,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $1,324,000. GAMMA Investing LLC grew its stake in shares of Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after acquiring an additional 1,759 shares during the last quarter. Eisler Capital Management Ltd. acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $5,679,000. Sowell Financial Services LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $247,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $14,924,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.2%

Shares of NYSE HII opened at $269.74 on Friday. 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 stock has a market cap of $10.58 billion, a PE ratio of 20.19, a PEG ratio of 1.54 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The business has a fifty day moving average of $262.09 and a two-hundred day moving average of $229.39.

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 for the quarter, beating the consensus estimate of $3.23 by $0.63. The firm 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 company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.38 EPS. 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 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $1.35 per share. 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 presently 40.42%.

Analysts Set New Price Targets

Several research analysts recently commented on HII shares. Bank of America raised their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen raised Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research report on Thursday, May 15th. Finally, TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $267.00.

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.

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.