Ransom Advisory Ltd Takes Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Ransom Advisory Ltd has acquired a stake in Huntington Ingalls Industries, purchasing 1,600 shares valued at approximately $326,000, highlighting increased institutional interest in the aerospace company.
• Huntington Ingalls Industries reported earnings of $3.86 per share for the last quarter, surpassing analysts' expectations and showing a revenue increase of 3.5% year-over-year.
• The firm declared a quarterly dividend of $1.35 per share, indicating a 2.0% yield and a payout ratio of 40.42%, demonstrating its commitment to returning value to shareholders.

Ransom Advisory Ltd acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,600 shares of the aerospace company's stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth about $26,000. HM Payson & Co. raised its stake in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth approximately $31,000. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth about $36,000. Finally, Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth about $61,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

HII opened at $266.84 on Wednesday. The company has a fifty day simple moving average of $263.70 and a 200 day simple moving average of $231.78. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.55 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. 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 quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share 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 analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.35 per share. 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 currently 40.42%.

Wall Street Analyst Weigh In

HII has been the topic of a number of research reports. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday. TD Cowen upgraded 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. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a report on Thursday, May 15th. Barclays raised their price objective on 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 Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $264.43.

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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