Nuveen LLC Invests $17.01 Million in Huntington Ingalls Industries, Inc. $HII

Key Points

• Nuveen LLC has acquired a new position in Huntington Ingalls Industries, Inc., purchasing 83,372 shares valued at approximately $17 million, bringing its total ownership to 0.21%.
• Significant increases in holdings were reported by other institutional investors, with GAMMA Investing LLC raising its stake by 75,182.7%, totaling 492,349 shares worth $1 billion.
• Analysts have recently upgraded Huntington Ingalls Industries' ratings, projecting a target price increase, with TD Cowen raising its price target from $250 to $300, indicating positive sentiment towards the stock.

Nuveen LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,372 shares of the aerospace company's stock, valued at approximately $17,011,000. Nuveen LLC owned 0.21% of Huntington Ingalls Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HII. GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 75,182.7% during 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 during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Huntington Ingalls Industries by 1,648.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after buying an additional 354,374 shares during the period. Auto Owners Insurance Co lifted its stake in shares of 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 worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 4,900.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after buying an additional 206,271 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock worth $157,216,000 after buying an additional 204,376 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HII has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research report on Thursday, May 15th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Barclays boosted their target price on shares of 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. 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Stock Performance

HII traded up $0.93 on Tuesday, reaching $271.65. The stock had a trading volume of 432,727 shares, compared to its average volume of 499,346. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $257.00 and its two-hundred day moving average price is $224.61. The company has a market cap of $10.66 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the company earned $4.38 earnings per share. The firm'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. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

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.