Optimize Financial Inc Invests $233,000 in Huntington Ingalls Industries, Inc. $HII

Key Points

• Optimize Financial Inc has made a new investment in Huntington Ingalls Industries, purchasing 1,143 shares valued at approximately $233,000 during the first quarter of the year.
• Huntington Ingalls Industries reported earnings of $3.86 EPS for the last quarter, significantly surpassing the consensus estimate of $3.23, while revenue reached $3.08 billion, exceeding expectations as well.
• Analysts have updated their price targets for Huntington Ingalls Industries, with Bank of America raising its target to $260.00 and TD Cowen upgrading its rating from "hold" to "buy" with a new target of $300.00.

Optimize Financial Inc purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,143 shares of the aerospace company's stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $26,000. HM Payson & Co. boosted its holdings in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares during the period. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $31,000. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $36,000. Finally, Grove Bank & Trust bought a new stake in Huntington Ingalls Industries during the first quarter valued at about $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays raised their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $264.43.

Huntington Ingalls Industries Trading Down 0.3%

NYSE:HII traded down $0.89 on Friday, hitting $275.18. 217,119 shares of the stock were exchanged, compared to its average volume of 375,680. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.58 and a beta of 0.40. 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 company's 50-day moving average price is $265.07 and its 200 day moving average price is $233.48.

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

Huntington Ingalls Industries Dividend Announcement

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

Huntington Ingalls Industries Company 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.