Torray Investment Partners LLC Makes New Investment in Huntington Ingalls Industries, Inc. $HII

Torray Investment Partners LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the third quarter, HoldingsChannel reports. The fund purchased 5,324 shares of the aerospace company’s stock, valued at approximately $1,422,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC raised its stake in Huntington Ingalls Industries by 1.5% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 25,361 shares of the aerospace company’s stock worth $6,773,000 after buying an additional 382 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 7.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,356 shares of the aerospace company’s stock valued at $629,000 after purchasing an additional 169 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $4,089,000. Vise Technologies Inc. boosted its position in Huntington Ingalls Industries by 15.8% in the third quarter. Vise Technologies Inc. now owns 3,947 shares of the aerospace company’s stock valued at $1,054,000 after buying an additional 538 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in Huntington Ingalls Industries in the third quarter valued at approximately $888,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. TD Cowen decreased their target price on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Wall Street Zen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group reissued a “conviction-buy” rating and set a $406.00 price objective on shares of Huntington Ingalls Industries in a report on Friday. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective on the stock in a research report on Friday, July 31st. Finally, Citigroup upped their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.50.

More Huntington Ingalls Industries News

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Ingalls Shipbuilding completed builder’s sea trials for Harrisburg (LPD 30), the first Flight II San Antonio-class amphibious transport dock. Successful testing of propulsion, controls, communications and mission systems marks progress toward delivery. Article: HII Successfully Completes Builder’s Trials on Harrisburg (LPD 30)
• Positive Sentiment: HII and Thales demonstrated an end-to-end autonomous mine-countermeasure mission using Expeditionary PathMaster. The successful demonstration supports HII’s positioning in autonomous naval systems, though no contract value or revenue impact was disclosed. Article: HII and Thales Successfully Demonstrate Expeditionary PathMaster’s Ability to Deliver an End-to-End Autonomous Mine Countermeasure Mission
• Positive Sentiment: A Seeking Alpha opinion piece described HII as a “deep value buy,” offering a bullish valuation perspective rather than reporting a new company development. Article: Huntington Ingalls: Anchor Of American Naval Might At A Deep Value Buy
• Neutral Sentiment: JPMorgan raised its price target to $375 from $370 and kept a neutral rating. Bernstein lifted its target to $352 from $304 but maintained a Market Perform rating. Higher targets are supportive, but neither firm upgraded its recommendation. JPMorgan analyst rating Bernstein analyst rating
• Neutral Sentiment: HII’s first ROMULUS drone ship moved closer to completion, another development in its uncrewed-vessel program; the headline provided no details on timing or financial contribution. Article: HII Moves First ROMULUS Drone Ship Closer to Completion

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Up 1.2%

Shares of NYSE HII opened at $317.39 on Wednesday. The firm has a 50 day moving average price of $278.77 and a two-hundred day moving average price of $335.13. The stock has a market cap of $12.51 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.17. Huntington Ingalls Industries, Inc. has a 52-week low of $255.35 and a 52-week high of $460.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.26.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 29th. The aerospace company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $1.12. Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 13.95%. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the business earned $3.68 earnings per share. Huntington Ingalls Industries’s revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 18.60 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.8%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Friday, November 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.71%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.