Violich Capital Management Inc. Makes New $246,000 Investment in Huntington Ingalls Industries, Inc. $HII

Key Points

• Violich Capital Management Inc. made a new investment of $246,000 in Huntington Ingalls Industries, acquiring 1,020 shares in the aerospace company during the second quarter.
• Huntington Ingalls Industries reported a quarterly EPS of $3.86, exceeding the consensus estimate of $3.23, and had revenue of $3.08 billion, above analyst expectations.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized dividend yield of 1.9% with a payout ratio of 40.42%.

Violich Capital Management Inc. acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,020 shares of the aerospace company's stock, valued at approximately $246,000.

A number of other large investors have also modified their holdings of HII. Farther Finance Advisors LLC raised its position in shares of Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after acquiring an additional 56 shares during the period. GAMMA Investing LLC raised its position in shares of Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after acquiring an additional 1,759 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $247,000. State of Alaska Department of Revenue raised its position in shares of Huntington Ingalls Industries by 123.7% in the first quarter. State of Alaska Department of Revenue now owns 9,983 shares of the aerospace company's stock worth $2,036,000 after acquiring an additional 5,520 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $273,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Down 1.0%

HII stock opened at $279.91 on Friday. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.60 and a beta of 0.38. 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 12 month low of $158.88 and a 12 month high of $296.03. The firm has a 50-day moving average of $275.50 and a two-hundred day moving average of $248.56.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly 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 net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company earned $4.38 EPS. The business'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, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $1.35 dividend. 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 dividend payout ratio is currently 40.42%.

Wall Street Analysts Forecast Growth

HII has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Bank of America upped their price target 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. 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. Barclays upped 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 report on Monday, August 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $262.67.

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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