Huntington Ingalls Industries, Inc. $HII Stock Holdings Boosted by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has increased its stake in Huntington Ingalls Industries by 94%, owning approximately 1.04% of the company valued at $83.3 million after acquiring 197,825 shares in Q1.
• Multiple research firms have upgraded their ratings for Huntington Ingalls Industries, with targets set as high as $300 per share.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized yield of 2.0%, with the ex-dividend date on August 29th.

Jacobs Levy Equity Management Inc. lifted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 94.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,305 shares of the aerospace company's stock after buying an additional 197,825 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.04% of Huntington Ingalls Industries worth $83,311,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $1,324,000. GAMMA Investing LLC lifted 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 in the last quarter. Eisler Capital Management Ltd. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $5,679,000. Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $247,000. Finally, Ninety One UK Ltd acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $14,924,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded down $3.10 on Tuesday, reaching $266.84. 431,770 shares of the company were exchanged, compared to its average volume of 617,172. 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 company's 50-day moving average is $263.29 and its two-hundred day moving average is $231.54. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.55 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share 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 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 business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Wall Street Analyst Weigh In

Several research firms recently commented on HII. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays upped their price objective on 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 cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $264.43.

Huntington Ingalls Industries 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.