Pullen Investment Management LLC Acquires 46 Shares of Huntington Ingalls Industries, Inc. $HII

Pullen Investment Management LLC grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,876 shares of the aerospace company’s stock after purchasing an additional 46 shares during the period. Huntington Ingalls Industries makes up 2.3% of Pullen Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Pullen Investment Management LLC’s holdings in Huntington Ingalls Industries were worth $3,833,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Peddock Capital Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $483,000. Buttonwood Financial Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $253,000. Revisor Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $374,000. Teacher Retirement System of Texas purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at $243,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Barclays boosted their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Saturday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $262.67.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $300.36 on Friday. The stock’s 50-day moving average is $277.70 and its two-hundred day moving average is $252.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $301.74. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business earned $4.38 EPS. Huntington Ingalls Industries’s revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, November 28th. This represents a $5.52 annualized dividend and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 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.