1,408 Shares in Huntington Ingalls Industries, Inc. $HII Purchased by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP has invested $287,000 in Huntington Ingalls Industries, acquiring a total of 1,408 shares.
• Analysts have varied views on the stock, with Wall Street Zen upgrading it to a "strong-buy" rating, while Zacks Research downgraded it to a "hold" rating.
• Huntington Ingalls Industries recently announced a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 2.0%.

Perbak Capital Partners LLP purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,408 shares of the aerospace company's stock, valued at approximately $287,000.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Huntington Ingalls Industries during the first quarter valued at approximately $1,324,000. GAMMA Investing LLC grew its stake in shares of Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after buying an additional 1,759 shares during the last quarter. Eisler Capital Management Ltd. bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $5,679,000. Sowell Financial Services LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $247,000. Finally, Ninety One UK Ltd bought a new stake in shares of 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HII shares. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays boosted their price objective 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. Finally, Alembic Global Advisors raised 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $267.00.

Huntington Ingalls Industries Trading Up 0.4%

HII stock traded up $1.05 during midday trading on Friday, hitting $271.03. The stock had a trading volume of 362,653 shares, compared to its average volume of 370,099. The firm has a market cap of $10.64 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The business has a fifty day moving average price of $262.73 and a two-hundred day moving average price of $230.08.

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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.54% and a return on equity of 11.34%. Huntington Ingalls Industries's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, sell-side 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 company 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. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries's payout ratio is presently 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.