Morningstar Investment Management LLC Invests $342,000 in Huntington Ingalls Industries, Inc. $HII

Key Points

• Morningstar Investment Management LLC has invested $342,000 in Huntington Ingalls Industries, acquiring 1,418 shares during the 2nd quarter.
• Huntington Ingalls reported earnings of $3.86 per share for the last quarter, exceeding analysts' expectations of $3.23, alongside revenue of $3.08 billion.
• The company recently declared a quarterly dividend of $1.35 per share, indicating a 1.9% yield and a payout ratio of 40.42%.

Morningstar Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,418 shares of the aerospace company's stock, valued at approximately $342,000.

Several other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after buying an additional 56 shares in the last quarter. GAMMA Investing LLC boosted its position in Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after buying an additional 1,759 shares in the last quarter. SG Americas Securities LLC acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $885,000. Sowell Financial Services LLC acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $247,000. Finally, Grove Bank & Trust acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $61,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Up 1.4%

HII opened at $291.85 on Wednesday. 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 company has a market cap of $11.45 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.65 and a beta of 0.38. The firm has a 50 day simple moving average of $274.50 and a 200 day simple moving average of $246.92. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $296.03.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted 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 business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. Huntington Ingalls Industries'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. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HII. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average 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.