NewEdge Advisors LLC Purchases 6,083 Shares of Huntington Ingalls Industries, Inc. $HII

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 boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 221.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,825 shares of the aerospace company's stock after buying an additional 6,083 shares during the period. NewEdge Advisors LLC's holdings in Huntington Ingalls Industries were worth $1,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HII. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $26,000. HM Payson & Co. boosted its position in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at $36,000. Finally, Grove Bank & Trust bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $61,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HII shares. Bank of America increased their target price 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 lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. Finally, Wall Street Zen lowered Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $275.98 on Friday. The stock has a 50-day simple moving average of $264.61 and a two-hundred day simple moving average of $232.79. The firm has a market capitalization of $10.83 billion, a P/E ratio of 20.66, a PEG ratio of 1.56 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week 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.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results 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 firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the firm earned $4.38 EPS. 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 forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

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