Kovitz Investment Group Partners LLC Raises Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Kovitz Investment Group Partners LLC raised its stake in Huntington Ingalls Industries by 58.5%, now owning 7,668 shares valued at approximately $1.57 million.
• A range of hedge funds have also significantly increased their positions in Huntington Ingalls, with GAMMA Investing LLC reporting an astonishing stake increase of over 75,000%.
• The company recently declared a quarterly dividend of $1.35 per share, representing an annualized yield of 2.0%.

Kovitz Investment Group Partners LLC increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 58.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,668 shares of the aerospace company's stock after acquiring an additional 2,831 shares during the period. Kovitz Investment Group Partners LLC's holdings in Huntington Ingalls Industries were worth $1,565,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HII. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $26,000. HM Payson & Co. grew its holdings in Huntington Ingalls Industries by 71.9% during the first 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 period. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $31,000. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $36,000. Finally, Grove Bank & Trust bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $61,000. Institutional investors own 90.46% of the company's stock.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII traded up $3.02 during mid-day trading on Friday, reaching $269.50. The stock had a trading volume of 358,975 shares, compared to its average volume of 496,427. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a market cap of $10.58 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The business's 50 day moving average price is $255.42 and its 200 day moving average price is $223.13.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its 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 company had revenue of $3.08 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is currently 40.42%.

Wall Street Analysts Forecast Growth

HII has been the subject of several recent research reports. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Bank of America boosted 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $267.00.

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.