Mirae Asset Global Investments Co. Ltd. Acquires 15,310 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Mirae Asset Global Investments opened a new position in Huntington Ingalls Industries, buying 15,310 shares worth about $4.09 million in the third quarter. Institutional investors and hedge funds collectively own 90.46% of the stock.
• Huntington Ingalls reported quarterly EPS of $5.48, beating the $4.36 consensus, while revenue rose 10.8% year over year to $3.54 billion. The company raised its quarterly dividend from $1.38 to $1.41 per share.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $369.50. Forecasts are mixed: Wolfe Research raised its FY2026 EPS estimate but lowered several later-year estimates.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,310 shares of the aerospace company's stock, valued at approximately $4,089,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $944,877,000. State Street Corp raised its stake in Huntington Ingalls Industries by 8.4% during the second quarter. State Street Corp now owns 2,922,717 shares of the aerospace company's stock worth $818,039,000 after purchasing an additional 227,439 shares during the period. First Trust Advisors LP boosted its holdings in Huntington Ingalls Industries by 2.4% in the 1st quarter. First Trust Advisors LP now owns 832,452 shares of the aerospace company's stock valued at $316,249,000 after purchasing an additional 19,843 shares during the last quarter. Sei Investments Co. boosted its holdings in Huntington Ingalls Industries by 2.3% in the 1st quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company's stock valued at $179,097,000 after purchasing an additional 10,406 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $75,094,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

More Huntington Ingalls Industries News

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Sanford C. Bernstein raised its price target for HII, while JPMorgan forecast strong potential share-price appreciation. The reports’ specific target figures were not provided. Sanford C. Bernstein price-target article JPMorgan forecast article
• Positive Sentiment: Wolfe Research raised its FY2026 EPS estimate to $19.42 from $18.58. It maintained an Outperform rating and a $364 price target, above the referenced share price of $289.09.
• Negative Sentiment: Wolfe cut EPS forecasts for Q4 2026 to $4.88 from $5.23, and lowered estimates for FY2027, FY2028, and FY2029 to $19.56, $22.54, and $24.97, respectively. It also reduced its FY2030 estimate to $27.55 from $28.20. These downward revisions suggest a less favorable earnings outlook beyond FY2026.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HII shares. Wells Fargo & Company raised their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 4th. Sanford C. Bernstein increased their price objective on Huntington Ingalls Industries from $304.00 to $352.00 and gave the stock a "market perform" rating in a research report on Tuesday. Weiss Ratings raised Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. TD Cowen decreased their price target on Huntington Ingalls Industries from $360.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. Finally, Citigroup increased their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of "Moderate Buy" and a consensus price target of $369.50.

Insider Activity at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company's stock, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Stock Down 0.1%

HII traded down $0.33 on Friday, hitting $289.08. 518,886 shares of the company were exchanged, compared to its average volume of 587,712. Huntington Ingalls Industries, Inc. has a twelve month low of $255.35 and a twelve month high of $460.00. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.17. The company has a current ratio of 1.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $278.73 and a two-hundred day moving average price of $333.24.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The aerospace company reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $1.12. Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 13.95%. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the firm earned $3.68 earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 19.24 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be given a dividend of $1.41 per share. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Friday, November 27th. This represents a $5.64 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is presently 29.71%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc NYSE: HII is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.

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