Markel Group Inc. Raises Stock Position in Huntington Ingalls Industries, Inc. $HII

Markel Group Inc. increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,500 shares of the aerospace company’s stock after purchasing an additional 2,500 shares during the period. Markel Group Inc.’s holdings in Huntington Ingalls Industries were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries in the first quarter valued at $31,000. HM Payson & Co. increased its holdings in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares in the last quarter. Concord Wealth Partners increased its holdings in Huntington Ingalls Industries by 570.7% in the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after buying an additional 234 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Huntington Ingalls Industries by 152.0% in the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays lifted 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 report on Monday, August 4th. Bank of America lifted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the company 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, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $262.67.

Huntington Ingalls Industries Stock Performance

HII opened at $298.91 on Wednesday. The firm has a market capitalization of $11.73 billion, a PE ratio of 22.37, a PEG ratio of 1.73 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $309.00. The firm’s 50-day moving average price is $279.05 and its 200 day moving average price is $253.83. 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 (NYSE:HII) last posted its quarterly 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. 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%. Huntington Ingalls Industries’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, November 28th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 40.42%.

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.