Rafferty Asset Management LLC Sells 1,713 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Rafferty Asset Management LLC reduced its holdings in Huntington Ingalls Industries by 12.5%, selling 1,713 shares and now owns 11,964 shares valued at approximately $2.44 million.
• Several institutional investors have recently adjusted their stakes in Huntington Ingalls, with 90.46% of the stock currently owned by such entities.
• Huntington Ingalls reported $3.86 EPS for the last quarter, exceeding estimates, and set a quarterly dividend of $1.35 per share, yielding 2.0%.

Rafferty Asset Management LLC reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 12.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,964 shares of the aerospace company's stock after selling 1,713 shares during the quarter. Rafferty Asset Management LLC's holdings in Huntington Ingalls Industries were worth $2,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $1,324,000. GAMMA Investing LLC raised its holdings in Huntington Ingalls Industries by 269.0% during the 1st 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. Eisler Capital Management Ltd. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at $5,679,000. Sowell Financial Services LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at $247,000. Finally, Ninety One UK Ltd purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at $14,924,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HII has been the topic of a number of research analyst reports. 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 report on Thursday, May 15th. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Bank of America boosted their price objective 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. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $267.00.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were 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 in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $270.50 on Friday. 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 $10.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company's fifty day moving average price is $259.40 and its 200-day moving average price is $226.85.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating 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 analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business posted $4.38 EPS. The company's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued 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 is Friday, August 29th. Huntington Ingalls Industries's payout ratio is 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.

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