Martin Capital Partners LLC Makes New $453,000 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 acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,877 shares of the aerospace company's stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth boosted its position in shares of Huntington Ingalls Industries by 40.2% in the 4th 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 during the period. Janus Henderson Group PLC lifted its stake in Huntington Ingalls Industries by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 6,159 shares of the aerospace company's stock valued at $1,163,000 after buying an additional 90 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 12.1% in the fourth quarter. Nuveen Asset Management LLC now owns 172,629 shares of the aerospace company's stock valued at $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 fourth quarter worth approximately $244,000. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII traded down $0.04 on Tuesday, hitting $272.98. The company's stock had a trading volume of 609,435 shares, compared to its average volume of 378,029. The stock has a 50 day moving average of $265.94 and a 200-day moving average of $235.26. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released 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 company had revenue of $3.08 billion during 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 revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HII. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Bank of America boosted their price target 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. Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $264.43.

About Huntington Ingalls Industries

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.