Vaughan Nelson Investment Management L.P. Purchases 75,245 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Huntington Ingalls Industries by 25%, owning 375,950 shares valued at approximately $90.8 million after purchasing an additional 75,245 shares in the second quarter.
• Huntington Ingalls reported strong quarterly earnings, with $3.86 earnings per share, surpassing estimates by $0.63, and a revenue of $3.08 billion, exceeding analysts' expectations of $2.94 billion.
• The company recently declared a quarterly dividend of $1.35, which corresponds to an annualized dividend of $5.40 and a yield of 1.9%, reflecting a payout ratio of 40.42%.

Vaughan Nelson Investment Management L.P. lifted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 375,950 shares of the aerospace company's stock after buying an additional 75,245 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.96% of Huntington Ingalls Industries worth $90,777,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HII. Auto Owners Insurance Co grew its stake in shares of Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock valued at $92,901,000 after buying an additional 333,308 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in 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 worth $83,311,000 after purchasing an additional 197,825 shares during the period. Dimensional Fund Advisors LP boosted its position in 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 worth $148,686,000 after purchasing an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. boosted its position in 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 worth $109,108,000 after purchasing an additional 114,635 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in 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 worth $51,548,000 after purchasing an additional 107,009 shares during the period. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.8%

HII opened at $284.37 on Friday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year 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. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.62 and a beta of 0.38. The business has a 50 day moving average of $271.54 and a 200-day moving average of $242.60.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share 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 company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business earned $4.38 earnings per share. Huntington Ingalls Industries's revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HII. Barclays upped their target price on 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. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Bank of America upped their target price 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 research report on Thursday, August 14th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $264.43.

About Huntington Ingalls Industries

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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