Oppenheimer Asset Management Inc. Boosts Stake in Huntington Ingalls Industries, Inc. $HII

Oppenheimer Asset Management Inc. raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,949 shares of the aerospace company’s stock after purchasing an additional 7,519 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Huntington Ingalls Industries worth $7,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HII. HM Payson & Co. raised its holdings in Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its stake in shares of Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the period. Concord Wealth Partners raised its stake in shares of Huntington Ingalls Industries by 570.7% in the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 234 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Huntington Ingalls Industries by 152.0% in the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 193 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on HII shares. Bank of America boosted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Finally, Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $262.67.

Huntington Ingalls Industries Stock Up 0.5%

HII stock opened at $301.49 on Tuesday. The company’s 50 day moving average price is $278.38 and its 200 day moving average price is $253.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $309.00. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.72 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its 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. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $4.38 earnings per share. The business’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. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.8%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

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.