Studio Investment Management LLC Sells 127 Shares of Huntington Ingalls Industries, Inc. $HII

Studio Investment Management LLC lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,538 shares of the aerospace company’s stock after selling 127 shares during the quarter. Studio Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $854,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HII. Auto Owners Insurance Co grew its position in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock valued at $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after buying an additional 197,825 shares during the period. Dimensional Fund Advisors LP grew its position in Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after buying an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. grew its position in Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after buying an additional 114,635 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Huntington Ingalls Industries by 73.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company’s stock valued at $51,548,000 after buying an additional 107,009 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of several recent research reports. 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 research note on Monday, August 4th. TD Cowen upgraded 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 research note on Thursday, July 10th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $262.67.

Huntington Ingalls Industries Price Performance

HII stock opened at $287.85 on Wednesday. The firm has a 50 day moving average of $276.28 and a 200-day moving average of $249.88. 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 12 month low of $158.88 and a 12 month high of $296.03. The firm has a market capitalization of $11.30 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.64 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating 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 company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $4.38 earnings per share. Huntington Ingalls Industries’s revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, November 28th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 40.42%.

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.