Lbp Am Sa Makes New $8.46 Million Investment in Huntington Ingalls Industries, Inc. $HII

Lbp Am Sa purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,040 shares of the aerospace company’s stock, valued at approximately $8,461,000.

Several other hedge funds have also recently added to or reduced their stakes in HII. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth approximately $31,000. HM Payson & Co. increased its position in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 acquiring an additional 59 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth approximately $61,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.6%

Huntington Ingalls Industries stock opened at $286.09 on Thursday. The firm has a market cap of $11.23 billion, a PE ratio of 21.41, a P/E/G ratio of 1.65 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The firm’s 50 day moving average price is $270.77 and its two-hundred day moving average price is $241.56. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share 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 net margin of 4.54% and a return on equity of 11.34%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries’s payout ratio is currently 40.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HII. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Bank of America lifted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report 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 boosted their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries 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.