Wedmont Private Capital Acquires Shares of 1,105 Huntington Ingalls Industries, Inc. $HII

Key Points

• Wedmont Private Capital invested $275,000 to acquire 1,105 shares of Huntington Ingalls Industries, Inc. during the second quarter, marking a notable transaction amidst shifting institutional holdings.
• Several institutional investors have increased their stakes, contributing to a high institutional ownership of 90.46% of the company's stock, indicating strong interest from major financial players.
• Analysts have mixed ratings on HII; while TD Cowen upgraded the stock to a "buy" with a target price of $300, Zacks Research has downgraded it from "strong-buy" to "hold," reflecting cautious sentiment in the market.

Wedmont Private Capital purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,105 shares of the aerospace company's stock, valued at approximately $275,000.

A number of other large investors have also bought and sold shares of HII. GAMMA Investing LLC increased its position in 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. Auto Owners Insurance Co increased its position in 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. increased its position in Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock valued at $83,311,000 after buying an additional 197,825 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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. Finally, Diamond Hill Capital Management Inc. raised its position in shares of 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. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $0.41 during trading hours on Monday, reaching $275.54. 497,088 shares of the stock traded hands, compared to its average volume of 432,922. The stock has a 50 day simple moving average of $267.42 and a two-hundred day simple moving average of $238.08. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping 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 company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $4.38 EPS. Huntington Ingalls Industries's quarterly revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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 raised 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 note on Wednesday, August 13th. Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Barclays upped their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and a consensus target price of $264.43.

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.