MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 64,294 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Huntington Ingalls Industries, Inc. by 57.7%, owning approximately 0.45% of the company after acquiring 64,294 additional shares during the first quarter.
• Analysts have varied opinions on the stock, with upgrades leading to target prices ranging from $265.00 to $300.00, but the overall consensus rating remains a "Hold."
• Huntington Ingalls Industries announced a quarterly dividend of $1.35, representing an annualized yield of 2.0% and a payout ratio of 40.42%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 57.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,765 shares of the aerospace company's stock after acquiring an additional 64,294 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.45% of Huntington Ingalls Industries worth $35,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Earnest Partners LLC boosted its position in shares of Huntington Ingalls Industries by 7.5% during the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock worth $182,443,000 after buying an additional 62,190 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after buying an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after buying an additional 114,635 shares during the period. GAMMA Investing LLC boosted its position in shares of Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after buying an additional 491,695 shares during the period. Finally, Auto Owners Insurance Co boosted its position in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after buying an additional 333,308 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 1.7%

NYSE HII traded up $4.72 during trading hours on Thursday, hitting $276.65. 139,042 shares of the company traded hands, compared to its average volume of 613,146. The business's 50-day moving average is $264.14 and its 200-day moving average is $232.06. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.53 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Bank of America increased 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. Zacks Research cut 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 Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Company 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.