Vident Advisory LLC Raises Stake in Huntington Ingalls Industries, Inc. $HII

Key Points

• Vident Advisory LLC increased its ownership stake in Huntington Ingalls Industries, Inc. by 174.0%, raising its total to 70,428 shares valued at approximately $14,370,000.
• Hedge fund activity has surged, with GAMMA Investing LLC boosting its stake by an astonishing 75,182.7% and now holding 492,349 shares worth over $1 billion.
• Huntington Ingalls Industries recently announced a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 2.0%.

Vident Advisory LLC boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 174.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,428 shares of the aerospace company's stock after acquiring an additional 44,722 shares during the period. Vident Advisory LLC owned about 0.18% of Huntington Ingalls Industries worth $14,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. GAMMA Investing LLC boosted its holdings in shares of Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1,648.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock valued at $71,029,000 after buying an additional 354,374 shares in the last quarter. Auto Owners Insurance Co boosted its holdings 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 holdings in shares of Huntington Ingalls Industries by 4,900.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after buying an additional 206,271 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $37,800,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII traded down $2.12 during trading hours on Wednesday, reaching $267.59. The company had a trading volume of 126,706 shares, compared to its average volume of 620,500. The firm has a 50 day simple moving average of $260.82 and a 200-day simple moving average of $228.36. 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 company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.55 and a beta of 0.40. 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 posted its earnings results 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 net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $4.38 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HII shares. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays increased their price target on shares of 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. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Bank of America upped their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $267.00.

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.