Huntington Ingalls Industries, Inc. $HII Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has increased its holdings in Huntington Ingalls Industries by 19.6%, owning approximately 176,498 shares valued at $36 million.
• Huntington Ingalls Industries recently reported quarterly earnings of $3.86 EPS, exceeding analyst estimates, with revenue of $3.08 billion, up 3.5% year over year.
• The company declared a quarterly dividend of $1.35 per share, representing an annualized dividend yield of 2.0%, with the payout ratio at 40.42%.

Raymond James Financial Inc. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 19.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,498 shares of the aerospace company's stock after purchasing an additional 28,956 shares during the period. Raymond James Financial Inc. owned about 0.45% of Huntington Ingalls Industries worth $36,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sentry Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $26,000. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $31,000. HM Payson & Co. boosted its stake in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $36,000. Finally, Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $61,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE:HII traded down $1.75 on Thursday, reaching $274.65. 249,863 shares of the company's stock traded hands, compared to its average volume of 624,838. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $257.84 and a 200-day simple moving average of $224.97. The firm has a market cap of $10.78 billion, a PE ratio of 20.54, a P/E/G ratio of 1.56 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the firm posted $4.38 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.35 per share. 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 payout ratio is presently 40.42%.

Wall Street Analysts Forecast Growth

HII has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays raised 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. Bank of America lifted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Three 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $267.00.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries 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.