MBB Public Markets I LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

MBB Public Markets I LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,566 shares of the aerospace company’s stock, valued at approximately $320,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on HII shares. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a report on Thursday, May 15th. Bank of America lifted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Barclays lifted their target price on shares of 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $264.43.

Huntington Ingalls Industries Stock Down 1.1%

NYSE:HII opened at $266.84 on Wednesday. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.55 and a beta of 0.40. The stock has a 50-day moving average price of $263.70 and a two-hundred day moving average price of $231.78.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm earned $4.38 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 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.