Mitsubishi UFJ Asset Management UK Ltd. Makes New $724,000 Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. has invested $724,000 in Huntington Ingalls Industries, acquiring 3,000 shares during the second quarter.
• Multiple institutional investors have increased their stakes in Huntington Ingalls Industries, leading to institutional ownership of 90.46% of the company’s stock.
• The stock recently received mixed ratings from analysts, with upgrades from TD Cowen and Bank of America, while maintaining a consensus rating of "Hold" and a target price of $264.43.

Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,000 shares of the aerospace company's stock, valued at approximately $724,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. lifted its stake in shares of Huntington Ingalls Industries by 2.4% during the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock worth $376,000 after buying an additional 44 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in shares of Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after acquiring an additional 51 shares during the period. Farther Finance Advisors LLC raised its stake in Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after acquiring an additional 56 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after acquiring an additional 59 shares during the period. Finally, Bangor Savings Bank grew its stake in Huntington Ingalls Industries by 1.7% during the 2nd quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company's stock valued at $874,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HII shares. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Bank of America upped their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Three investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $264.43.

Huntington Ingalls Industries Stock Up 3.0%

Shares of NYSE:HII opened at $287.83 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The firm's 50 day moving average price is $270.35 and its 200 day moving average price is $241.25. 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 has a market cap of $11.29 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.60 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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $4.38 EPS. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's payout ratio is 40.42%.

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.

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