Huntington Ingalls Industries, Inc. $HII Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in Huntington Ingalls Industries by 221.8% in Q1, owning a total of 8,825 shares valued at approximately $1.8 million.
• Analysts have mixed ratings for HII, with target price estimates ranging from $180.00 to $300.00 and a consensus rating of "Hold."
• The company recently declared a quarterly dividend of $1.35 per share, reflecting an annualized yield of 2.0% and a payout ratio of 40.42%.

NewEdge Advisors LLC lifted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 221.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,825 shares of the aerospace company's stock after acquiring an additional 6,083 shares during the period. NewEdge Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $1,324,000. GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after acquiring an additional 1,759 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $247,000. Ninety One UK Ltd acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $14,924,000. Finally, First Hawaiian Bank increased its stake in Huntington Ingalls Industries by 22.3% in the first quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company's stock valued at $1,325,000 after purchasing an additional 1,182 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on HII. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America boosted 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. Barclays boosted their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus price target of $264.43.

Huntington Ingalls Industries Trading Up 0.5%

NYSE:HII traded up $1.40 during mid-day trading on Wednesday, reaching $274.59. The company's stock had a trading volume of 44,661 shares, compared to its average volume of 607,900. The company's fifty day simple moving average is $265.94 and its two-hundred day simple moving average is $235.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The stock has a market cap of $10.77 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.56 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the company earned $4.38 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

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.