Penn Mutual Asset Management Makes New $612,000 Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Penn Mutual Asset Management has acquired 3,000 shares of Huntington Ingalls Industries, Inc., valued at approximately $612,000, making it the firm's 22nd largest holding.
• The company reported a Q2 EPS of $3.86, exceeding analysts' expectations of $3.23, with a revenue of $3.08 billion, compared to the consensus estimate of $2.94 billion.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35 per share, expected to yield about 2.0%, with the ex-dividend date set for August 29th.

Penn Mutual Asset Management acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the aerospace company's stock, valued at approximately $612,000. Huntington Ingalls Industries comprises about 1.2% of Penn Mutual Asset Management's portfolio, making the stock its 22nd largest position.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Huntington Ingalls Industries in the first quarter valued at approximately $1,324,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 1,759 shares during the last quarter. Eisler Capital Management Ltd. acquired a new position in Huntington Ingalls Industries in the fourth quarter valued at approximately $5,679,000. Sowell Financial Services LLC acquired a new position in Huntington Ingalls Industries in the first quarter valued at approximately $247,000. Finally, Ninety One UK Ltd acquired a new position in Huntington Ingalls Industries during the first quarter worth $14,924,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research reports. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays upped their price target on 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. Finally, Bank of America upped their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Stock Down 0.9%

Shares of Huntington Ingalls Industries stock traded down $2.3370 during trading hours on Tuesday, reaching $265.2630. 618,103 shares of the company were exchanged, compared to its average volume of 497,380. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The stock's fifty day moving average is $253.12 and its 200 day moving average is $221.64. 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 firm has a market cap of $10.41 billion, a PE ratio of 19.86, a PEG ratio of 1.58 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates 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 revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $1.35 dividend. 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 dividend payout ratio is 40.42%.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company 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.