Russell Investments Group Ltd. Buys 35,336 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Russell Investments Group Ltd. increased its stake in Huntington Ingalls Industries by 39.2%, acquiring an additional 35,336 shares, bringing its total to 125,455 shares valued at approximately $25.6 million.
• The company recently reported a quarterly EPS of $3.86, exceeding analysts’ expectations of $3.23, along with a revenue of $3.08 billion, which was above the forecasted $2.94 billion.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35 per share, expected to yield 2.0% annually, with an ex-dividend date set for August 29th.

Russell Investments Group Ltd. raised its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 39.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,455 shares of the aerospace company's stock after buying an additional 35,336 shares during the period. Russell Investments Group Ltd. owned about 0.32% of Huntington Ingalls Industries worth $25,598,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HII. Patriot Financial Group Insurance Agency LLC lifted its position in Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after buying an additional 51 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after acquiring an additional 56 shares in the last quarter. HM Payson & Co. increased its stake in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Huntington Ingalls Industries by 8.6% during the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock worth $167,000 after acquiring an additional 65 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in Huntington Ingalls Industries by 21.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock valued at $78,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $0.9130 on Thursday, reaching $266.1770. 242,269 shares of the stock were exchanged, compared to its average volume of 502,901. 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, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The firm has a fifty day moving average price of $254.68 and a two-hundred day moving average price of $222.43. The stock has a market cap of $10.44 billion, a PE ratio of 19.92, a PEG ratio of 1.57 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion for 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%. Huntington Ingalls Industries's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $1.35 dividend. 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 dividend payout ratio is presently 40.42%.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HII. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $267.00.

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.