Canoe Financial LP Has $829,000 Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Canoe Financial LP increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 234.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,433 shares of the aerospace company’s stock after acquiring an additional 2,408 shares during the quarter. Canoe Financial LP’s holdings in Huntington Ingalls Industries were worth $829,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Sentry Investment Management LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $26,000. Park Square Financial Group LLC bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at $31,000. HM Payson & Co. lifted its holdings in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in Huntington Ingalls Industries in the first quarter valued at $61,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.0%

NYSE HII opened at $275.12 on Friday. The stock has a market capitalization of $10.80 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.56 and a beta of 0.40. The business has a 50 day simple moving average of $266.75 and a 200 day simple moving average of $236.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Bank of America lifted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $264.43.

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.