Huntington Ingalls Industries (NYSE:HII) Hits New 1-Year High - Here's What Happened

Key Points

• Huntington Ingalls Industries shares reached a new 52-week high of $298.45 during trading, closing at $285.56 with a trading volume of 15,454 shares.
• Recent analyst reports include a target price increase from $180.00 to $260.00 by Bank of America, and a boost to a "buy" rating with a target price of $300.00 by TD Cowen.
• The company reported a Q2 EPS of $3.86, exceeding analysts' estimates of $3.23 and showing a modest revenue growth of 3.5% year-over-year.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $298.45 and last traded at $285.56, with a volume of 15454 shares traded. The stock had previously closed at $287.90.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. Bank of America boosted 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. Weiss Ratings restated a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays upped their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $262.67.

Huntington Ingalls Industries Price Performance

The company has a 50 day moving average of $274.08 and a 200-day moving average of $246.61. The stock has a market capitalization of $11.23 billion, a P/E ratio of 21.37, a PEG ratio of 1.62 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 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 company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company earned $4.38 earnings per share. The company'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. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued 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 payout ratio is 40.42%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake 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 valued at $104,000 after purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC raised its stake 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 valued at $492,000 after purchasing an additional 1,759 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $885,000. Fifth Third Bancorp raised its stake in shares of Huntington Ingalls Industries by 25.2% in the first quarter. Fifth Third Bancorp now owns 9,757 shares of the aerospace company's stock valued at $1,991,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $247,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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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