VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Virginia Retirement Systems acquired a new stake in Huntington Ingalls Industries, purchasing 7,000 shares valued at approximately $1.69 million during Q2, reflecting growing interest from institutional investors.
• Huntington Ingalls recently reported earnings of $3.86 EPS for the quarter, exceeding estimates, with revenue of $3.08 billion, reflecting a 3.5% increase year-over-year.
• The company declared a quarterly dividend of $1.38, up from $1.35, with a current yield of 1.9% and a payout ratio of 40.42%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the aerospace company's stock, valued at approximately $1,690,000.

A number of other hedge funds have also made changes to their positions in HII. William B. Walkup & Associates Inc. grew its holdings in Huntington Ingalls Industries by 2.4% during the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock valued at $376,000 after purchasing an additional 44 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 11.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company's stock valued at $138,000 after buying an additional 58 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock valued at $42,000 after buying an additional 59 shares during the period. Bangor Savings Bank boosted its holdings in shares of Huntington Ingalls Industries by 1.7% in the 2nd quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company's stock valued at $874,000 after buying an additional 60 shares during the period. Finally, HM Payson & Co. lifted its position in Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $283.58 on Thursday. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.65 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $296.03. The firm has a fifty day simple moving average of $276.56 and a 200-day simple moving average of $250.11. 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 (NYSE:HII - Get Free Report) last released 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. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HII. Bank of America lifted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. 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 report on Monday, August 4th. 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, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus target price of $262.67.

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.

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