Jackson Square Capital LLC Acquires New Shares in Huntington Ingalls Industries, Inc. $HII

Key Points

• Jackson Square Capital LLC has invested approximately $1.08 million in Huntington Ingalls Industries, acquiring 4,473 shares during the 2nd quarter.
• Huntington Ingalls Industries reported a better-than-expected quarterly earnings of $3.86 per share, surpassing analyst estimates by $0.63, with revenue of $3.08 billion.
• The company recently announced a quarterly dividend of $1.35 per share, representing an annualized yield of 2.0% with a payout ratio of 40.42%.

Jackson Square Capital LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,473 shares of the aerospace company's stock, valued at approximately $1,080,000.

Several other hedge funds and other institutional investors have also modified their holdings of HII. GAMMA Investing LLC boosted its position in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after buying an additional 491,695 shares during the period. Auto Owners Insurance Co boosted its position in shares of Huntington Ingalls Industries by 273.2% in the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after buying an additional 333,308 shares during the period. Voloridge Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter valued at $37,800,000. Jacobs Levy Equity Management Inc. boosted its position in Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock valued at $83,311,000 after purchasing an additional 197,825 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock valued at $148,686,000 after purchasing an additional 150,204 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $0.30 during trading hours on Friday, reaching $274.99. 1,344,055 shares of the company's stock were exchanged, compared to its average volume of 383,667. The stock has a market cap of $10.79 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The firm has a fifty day moving average of $267.08 and a 200-day moving average of $237.23. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is currently 40.42%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HII. Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America lifted their price objective 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. TD Cowen raised 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 report on Thursday, July 10th. Finally, Barclays boosted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $264.43.

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.