MUFG Securities EMEA plc Makes New $1.93 Million Investment in Huntington Ingalls Industries, Inc. $HII

MUFG Securities EMEA plc purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,000 shares of the aerospace company’s stock, valued at approximately $1,932,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HII. Versor Investments LP bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $734,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Huntington Ingalls Industries by 25.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,090 shares of the aerospace company’s stock valued at $1,229,000 after acquiring an additional 1,022 shares in the last quarter. Twin City Private Wealth LLC grew its holdings in Huntington Ingalls Industries by 2.3% in the second quarter. Twin City Private Wealth LLC now owns 4,671 shares of the aerospace company’s stock worth $1,128,000 after purchasing an additional 105 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth $203,000. Finally, AMG National Trust Bank increased its position in shares of Huntington Ingalls Industries by 3.8% during the second quarter. AMG National Trust Bank now owns 8,626 shares of the aerospace company’s stock worth $2,083,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.9%

Shares of HII stock opened at $321.94 on Friday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $330.00. The firm has a market capitalization of $12.63 billion, a PE ratio of 24.10, a P/E/G ratio of 1.71 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 stock’s 50-day simple moving average is $281.77 and its 200-day simple moving average is $255.82.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $2.56 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.38 dividend. The ex-dividend date is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 40.42%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Bank of America raised their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a 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. Barclays increased 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. Finally, Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $305.20.

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.