Mitsubishi UFJ Asset Management Co. Ltd. Has $10.47 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,368 shares of the aerospace company’s stock after acquiring an additional 3,060 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Huntington Ingalls Industries worth $10,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HII. William B. Walkup & Associates Inc. grew its stake in shares of Huntington Ingalls Industries by 2.4% during the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 44 shares during the last quarter. Pullen Investment Management LLC lifted its holdings in Huntington Ingalls Industries by 0.3% during the 2nd quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock worth $3,833,000 after buying an additional 46 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Huntington Ingalls Industries by 27.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock worth $54,000 after buying an additional 48 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Huntington Ingalls Industries by 11.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock valued at $138,000 after buying an additional 58 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in shares of Huntington Ingalls Industries by 4.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock valued at $299,000 after buying an additional 58 shares during the period. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HII shares. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Bank of America upped their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $318.57.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $318.07 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $330.00. The stock has a market cap of $12.48 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The stock’s 50-day moving average price is $288.63 and its two-hundred day moving average price is $261.14.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating 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 company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the business posted $2.56 EPS. Huntington Ingalls Industries’s revenue was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.7%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.12%.

Huntington Ingalls Industries 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.