Park Avenue Securities LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Park Avenue Securities LLC acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII), purchasing 1,527 shares valued at approximately $369,000 during the 2nd quarter.
• Huntington Ingalls reported earnings of $3.86 per share for the second quarter, exceeding analysts' estimates of $3.23, with a revenue of $3.08 billion, up 3.5% year-over-year.
• The company announced a quarterly dividend of $1.35 per share, yielding 1.9%, with a payout ratio of 40.42%.

Park Avenue Securities LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,527 shares of the aerospace company's stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $1,324,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Huntington Ingalls Industries in the second quarter valued at about $243,000. GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock valued at $492,000 after buying an additional 1,759 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $247,000. Finally, Ninety One UK Ltd acquired a new position in Huntington Ingalls Industries in the first quarter valued at about $14,924,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 3.0%

HII stock opened at $287.83 on Wednesday. The company's 50 day moving average price is $270.35 and its 200 day moving average price is $241.25. 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, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.60 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping 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 firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $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. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HII. Barclays upped 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. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America upped 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 report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $264.43.

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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