Huntington Ingalls Industries, Inc. $HII Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Huntington Ingalls Industries by 52.1% during Q1, now owning a total of 3,785 shares worth approximately $772,000.
• Huntington Ingalls Industries reported a quarterly EPS of $3.86, exceeding analysts' estimates by $0.63, with revenues reaching $3.08 billion.
• A quarterly dividend of $1.35 has been declared, representing a 2.0% annualized yield and reflecting a payout ratio of 40.42%.

Northwestern Mutual Wealth Management Co. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 52.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,785 shares of the aerospace company's stock after acquiring an additional 1,296 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Huntington Ingalls Industries were worth $772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 26.0% in the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after acquiring an additional 150,204 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 27.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after acquiring an additional 114,635 shares during the period. GAMMA Investing LLC raised its position in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after buying an additional 491,695 shares in the last quarter. Auto Owners Insurance Co raised its position in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock valued at $92,901,000 after purchasing an additional 333,308 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Huntington Ingalls Industries by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 376,363 shares of the aerospace company's stock valued at $76,793,000 after purchasing an additional 13,967 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded down $2.85 during trading on Friday, reaching $267.14. 94,773 shares of the stock traded hands, compared to its average volume of 617,922. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.54 and a beta of 0.40. The business has a fifty day simple moving average of $262.09 and a two-hundred day simple moving average of $229.39. 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 52-week low of $158.88 and a 52-week high of $293.14.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's payout ratio is 40.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America lifted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Barclays lifted their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Wall Street Zen raised Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. Finally, Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $267.00.

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.