Vista Investment Partners LLC Acquires New Stake in Huntington Ingalls Industries, Inc. $HII

Key Points

• Vista Investment Partners LLC has acquired a new position in Huntington Ingalls Industries, Inc., purchasing 2,145 shares valued at approximately $518,000 during the second quarter.
• Brokerages have mixed ratings on HII, with Barclays increasing the price target from $235 to $295, while Zacks lowered its rating to Hold and the current consensus rating stands at Hold with a target of $264.43.
• Huntington Ingalls announced a quarterly dividend of $1.35 per share, resulting in an annualized yield of 2.0%, with a payout ratio of 40.42%.

Vista Investment Partners LLC bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,145 shares of the aerospace company's stock, valued at approximately $518,000.

Other large investors have also recently made changes to their positions in the company. Focus Partners Wealth lifted its position in shares of Huntington Ingalls Industries by 40.2% in the 4th quarter. Focus Partners Wealth now owns 1,492 shares of the aerospace company's stock worth $303,000 after purchasing an additional 428 shares during the period. Janus Henderson Group PLC lifted its position in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 6,159 shares of the aerospace company's stock worth $1,163,000 after purchasing an additional 90 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Huntington Ingalls Industries by 12.1% in the 4th quarter. Nuveen Asset Management LLC now owns 172,629 shares of the aerospace company's stock worth $32,622,000 after purchasing an additional 18,685 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $244,000. Finally, ProShare Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 4.9% in the 4th quarter. ProShare Advisors LLC now owns 11,014 shares of the aerospace company's stock worth $2,081,000 after purchasing an additional 511 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HII. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. 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. 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. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $0.17 during mid-day trading on Monday, hitting $275.30. The company had a trading volume of 192,696 shares, compared to its average volume of 610,576. 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 $293.14. The company's fifty day moving average is $267.08 and its 200-day moving average is $237.53. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.58 and a beta of 0.40.

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, beating analysts' consensus estimates 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 firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $4.38 EPS. The business's revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

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.