Martin Capital Partners LLC Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Martin Capital Partners LLC acquired 1,877 shares of Huntington Ingalls Industries, Inc. valued at approximately $453,000 in Q2, adding to the growing interest from hedge funds in the stock.
• Huntington Ingalls reported an EPS of $3.86 for the most recent quarter, surpassing analysts' expectations of $3.23, with revenues reaching $3.08 billion.
• The firm recently declared a quarterly dividend of $1.35 per share, resulting in an annualized yield of 2.0%, with a dividend payout ratio of 40.42%.

Martin Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,877 shares of the aerospace company's stock, valued at approximately $453,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in shares of Huntington Ingalls Industries by 40.2% in the fourth quarter. Focus Partners Wealth now owns 1,492 shares of the aerospace company's stock valued at $303,000 after purchasing an additional 428 shares in the last quarter. Janus Henderson Group PLC increased its position in Huntington Ingalls Industries by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 6,159 shares of the aerospace company's stock worth $1,163,000 after purchasing an additional 90 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Huntington Ingalls Industries by 12.1% in the 4th quarter. Nuveen Asset Management LLC now owns 172,629 shares of the aerospace company's stock worth $32,622,000 after acquiring an additional 18,685 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $244,000. Finally, Mufg Securities Americas Inc. bought a new position in Huntington Ingalls Industries during the fourth quarter worth $109,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays raised their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Wall Street Zen lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Finally, Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Stock Down 0.6%

Shares of NYSE HII traded down $1.73 during midday trading on Friday, reaching $272.96. 154,929 shares of the company's stock traded hands, compared to its average volume of 606,301. 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 stock's 50 day simple moving average is $266.75 and its 200-day simple moving average is $236.22. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.56 and a beta of 0.40.

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, beating analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the company posted $4.38 earnings per share. Huntington Ingalls Industries's revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. The ex-dividend date was 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 presently 40.42%.

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.