O Keefe Stevens Advisory Inc. Acquires 941 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• O Keefe Stevens Advisory Inc. increased its holdings in Huntington Ingalls Industries by 19.7% during Q2, acquiring an additional 941 shares, bringing its total shares owned to 5,718.
• Several other institutional investors also increased their stakes in Huntington Ingalls Industries, contributing to the current institutional ownership of approximately 90.46%.
• Wall Street analysts have mixed ratings on the stock, with a consensus target price of $264.43 and ratings ranging from "Buy" to "Sell".

O Keefe Stevens Advisory Inc. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 19.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,718 shares of the aerospace company's stock after acquiring an additional 941 shares during the quarter. Huntington Ingalls Industries accounts for about 0.4% of O Keefe Stevens Advisory Inc.'s investment portfolio, making the stock its 29th largest holding. O Keefe Stevens Advisory Inc.'s holdings in Huntington Ingalls Industries were worth $1,381,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. grew its holdings in shares of Huntington Ingalls Industries by 2.4% during the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock worth $376,000 after buying an additional 44 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Huntington Ingalls Industries by 2.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after buying an additional 51 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 12.2% during the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after buying an additional 56 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after buying an additional 59 shares in the last quarter. Finally, Bangor Savings Bank grew its holdings in shares of Huntington Ingalls Industries by 1.7% during the second quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company's stock worth $874,000 after buying an additional 60 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HII shares. Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America increased 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. Weiss Ratings reissued a "hold (c)" rating on shares of Huntington Ingalls Industries in a research report on Saturday, September 27th. Finally, TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $284.37 on Friday. The stock has a 50 day moving average price of $271.54 and a 200 day moving average price of $242.85. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 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. The stock has a market capitalization of $11.16 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the firm posted $4.38 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 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.

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