RFG Advisory LLC Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• RFG Advisory LLC has made a new investment in Huntington Ingalls Industries, acquiring 4,217 shares valued at approximately $1,018,000.
• Huntington Ingalls Industries reported a quarterly earnings per share of $3.86, exceeding analyst expectations of $3.23, with revenue of $3.08 billion.
• The company recently declared a quarterly dividend of $1.35 per share, with an annualized yield of 1.9%.

RFG Advisory LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,217 shares of the aerospace company's stock, valued at approximately $1,018,000.

A number of other institutional investors also recently bought and sold shares of HII. Auto Owners Insurance Co raised its stake in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock valued at $83,311,000 after acquiring an additional 197,825 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock valued at $148,686,000 after acquiring an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock valued at $109,108,000 after acquiring an additional 114,635 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 73.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company's stock valued at $51,548,000 after acquiring an additional 107,009 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 0.8%

Shares of HII stock opened at $282.77 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market capitalization of $11.10 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The company has a 50 day moving average price of $275.19 and a 200 day moving average price of $247.73. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $296.03.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's payout ratio is 40.42%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HII shares. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Bank of America lifted their price target 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. Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Finally, Zacks Research cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus target price of $262.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.