Roman Butler Fullerton & Co. Buys 2,153 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Roman Butler Fullerton & Co. increased its ownership in Huntington Ingalls Industries by 110.4% in Q2, acquiring an additional 2,153 shares, bringing their total to 4,103 shares valued at approximately $1,086,000.
• Several institutional investors have significantly boosted their holdings in Huntington Ingalls, with GAMMA Investing LLC increasing its stake by 269.0% in Q1 alone.
• Huntington Ingalls recently announced a quarterly dividend increase to $1.38 per share, up from $1.35, reflecting a 1.9% yield based on its annualized dividend.

Roman Butler Fullerton & Co. grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 110.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,103 shares of the aerospace company's stock after acquiring an additional 2,153 shares during the period. Roman Butler Fullerton & Co.'s holdings in Huntington Ingalls Industries were worth $1,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HII. GAMMA Investing LLC raised its stake in Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after purchasing an additional 1,759 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Huntington Ingalls Industries by 122.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,430 shares of the aerospace company's stock valued at $4,577,000 after acquiring an additional 12,366 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Huntington Ingalls Industries by 120.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,757 shares of the aerospace company's stock worth $1,175,000 after purchasing an additional 3,142 shares in the last quarter. Total Wealth Planning & Management Inc. lifted its stake in Huntington Ingalls Industries by 27.4% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 2,924 shares of the aerospace company's stock valued at $597,000 after purchasing an additional 628 shares during the last quarter. Finally, Old North State Wealth Management LLC boosted its position in Huntington Ingalls Industries by 6.9% in the first quarter. Old North State Wealth Management LLC now owns 15,365 shares of the aerospace company's stock valued at $3,141,000 after buying an additional 986 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HII shares. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target 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. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $262.67.

Huntington Ingalls Industries Trading Down 1.4%

Shares of HII stock opened at $283.58 on Thursday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $296.03. 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 stock has a market cap of $11.13 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.65 and a beta of 0.38. The stock has a 50-day moving average of $276.56 and a 200-day moving average of $250.11.

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 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 business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business posted $4.38 earnings per share. The firm's 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 research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $1.38 per share. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries's payout ratio is 40.42%.

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.

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