Lbp Am Sa Invests $8.46 Million in Huntington Ingalls Industries, Inc. $HII

Key Points

• Lbp Am Sa invested approximately $8.46 million in Huntington Ingalls Industries, acquiring 35,040 shares during the second quarter.
$3.86 earnings per share, exceeding analyst expectations and achieving a revenue of $3.08 billion for the quarter.
• The company declared a quarterly dividend of $1.35 per share, representing an annualized yield of 1.9% with a payout ratio of 40.42%.

Lbp Am Sa purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,040 shares of the aerospace company's stock, valued at approximately $8,461,000. Lbp Am Sa owned about 0.09% of Huntington Ingalls Industries as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $31,000. HM Payson & Co. lifted its position in Huntington Ingalls Industries by 71.9% in 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. Geneos Wealth Management Inc. lifted its position in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 59 shares during the last quarter. Finally, Grove Bank & Trust bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $61,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $286.09 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $270.77 and its 200 day moving average price is $241.56. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The firm has a market cap of $11.23 billion, a P/E ratio of 21.41, a PEG ratio of 1.65 and a beta of 0.38.

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 company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries's payout ratio is 40.42%.

Analyst Upgrades and Downgrades

HII has been the topic of several recent research reports. Bank of America lifted their price objective on shares of 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 upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays lifted their price objective on shares of 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. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average target price 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.

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