LSV Asset Management Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• LSV Asset Management has increased its stake in Huntington Ingalls Industries by 0.2%, now owning 510,846 shares, which is valued at approximately $104.2 million.
• Analysts have recently raised the price targets for Huntington Ingalls Industries, with Barclays and Goldman Sachs setting target prices of $235 and $265, respectively, indicating growing confidence in the stock's performance.
• The company reported a strong earnings performance, with earnings per share (EPS) of $3.86, exceeding expectations and showing a revenue increase of 3.5% year-over-year.

LSV Asset Management boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 510,846 shares of the aerospace company's stock after acquiring an additional 938 shares during the quarter. LSV Asset Management owned 1.30% of Huntington Ingalls Industries worth $104,233,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HII. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after buying an additional 51 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after buying an additional 56 shares during the period. HM Payson & Co. lifted its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Huntington Ingalls Industries by 8.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after buying an additional 65 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of Huntington Ingalls Industries by 21.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock worth $78,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the 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 transaction, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president directly owned 9,581 shares in the company, valued at $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 0.5%

NYSE:HII traded up $1.29 during mid-day trading on Tuesday, hitting $266.96. 66,333 shares of the company's stock traded hands, compared to its average volume of 649,859. The company has a fifty day moving average of $243.92 and a 200 day moving average of $216.68. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The company has a market capitalization of $10.48 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.66 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $4.38 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. 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. 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, Wall Street Zen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $258.88.

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.