Huntington Ingalls Industries, Inc. $HII Shares Bought by Bangor Savings Bank

Bangor Savings Bank raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,620 shares of the aerospace company’s stock after acquiring an additional 60 shares during the period. Bangor Savings Bank’s holdings in Huntington Ingalls Industries were worth $874,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $1,324,000. GAMMA Investing LLC raised its holdings in shares of Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock valued at $492,000 after buying an additional 1,759 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $247,000. Ninety One UK Ltd bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $14,924,000. Finally, First Hawaiian Bank raised its holdings in shares of Huntington Ingalls Industries by 22.3% during the first quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company’s stock valued at $1,325,000 after buying an additional 1,182 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Huntington Ingalls Industries Price Performance

NYSE HII opened at $275.18 on Friday. The stock has a market capitalization of $10.80 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.58 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The business’s fifty day moving average is $265.07 and its two-hundred day moving average is $233.90. 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 (NYSE:HII) last posted 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 company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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