Mattson Financial Services LLC Invests $275,000 in Huntington Ingalls Industries, Inc. $HII

Key Points

• Mattson Financial Services LLC has invested $275,000 in Huntington Ingalls Industries, Inc., acquiring 1,137 shares in the second quarter.
• The company's recent earnings report indicated earnings per share of $3.86, surpassing expectations and revenue of $3.08 billion for the quarter.
• Huntington Ingalls Industries has announced a quarterly dividend of $1.35, translating to an annualized amount of $5.40 and a yield of 1.9%.

Mattson Financial Services LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,137 shares of the aerospace company's stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HM Payson & Co. boosted its position in shares of Huntington Ingalls Industries by 71.9% in the first 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. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter worth $31,000. Geneos Wealth Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after acquiring an additional 59 shares in the last quarter. Concord Wealth Partners raised its holdings in shares of Huntington Ingalls Industries by 570.7% during the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company's stock worth $66,000 after acquiring an additional 234 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Huntington Ingalls Industries by 152.0% during the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company's stock worth $71,000 after acquiring an additional 193 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $279.91 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $296.03. The stock's 50-day moving average is $275.50 and its two-hundred day moving average is $248.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a market cap of $10.98 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.62 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results 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. 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 last year, the company earned $4.38 earnings per share. The business's revenue 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 anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share 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 1.9%. Huntington Ingalls Industries's payout ratio is presently 40.42%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HII shares. 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 report on Monday, August 4th. Bank of America increased their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $262.67.

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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.