Peddock Capital Advisors LLC Invests $483,000 in Huntington Ingalls Industries, Inc. $HII

Key Points

• Peddock Capital Advisors LLC has invested approximately $483,000 in Huntington Ingalls Industries, purchasing 2,000 shares during the second quarter.
• The company recently reported earnings per share (EPS) of $3.86 for the last quarter, surpassing analysts’ expectations of $3.23, with a revenue of $3.08 billion.
• A quarterly dividend of $1.35 per share was recently distributed, marking a 2.0% yield, with a payout ratio of 40.42%.

Peddock Capital Advisors LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 2,000 shares of the aerospace company's stock, valued at approximately $483,000.

Other hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $26,000. HM Payson & Co. grew its holdings in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after buying an additional 64 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. boosted its stake in Huntington Ingalls Industries by 40.1% in 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, Grove Bank & Trust purchased a new stake in Huntington Ingalls Industries in the first quarter worth approximately $61,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.1%

Huntington Ingalls Industries stock opened at $275.75 on Wednesday. The business has a 50-day simple moving average of $267.85 and a two-hundred day simple moving average of $238.34. The company has a market cap of $10.82 billion, a P/E ratio of 20.64, 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 quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

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

Huntington Ingalls Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research lowered Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. 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. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently 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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