Public Employees Retirement System of Ohio Reduces Stock Position in Huntington Ingalls Industries, Inc. $HII

Public Employees Retirement System of Ohio lessened its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,880 shares of the aerospace company's stock after selling 969 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Huntington Ingalls Industries were worth $3,351,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HII. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $26,000. HM Payson & Co. boosted its holdings in shares of 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 acquiring an additional 64 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. Finally, Grove Bank & Trust purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HII. TD Cowen raised 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 report on Thursday, July 10th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Bank of America raised their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Barclays raised 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 report on Monday, August 4th. Finally, Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $264.43.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $287.83 on Wednesday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.60 and a beta of 0.40. The company's 50 day moving average is $270.35 and its two-hundred day moving average is $241.25. 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 (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS 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 company had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the business earned $4.38 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share 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. The ex-dividend date was Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 40.42%.

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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