Oppenheimer Asset Management Inc. Increases Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Oppenheimer Asset Management Inc. raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,949 shares of the aerospace company’s stock after acquiring an additional 7,519 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $7,231,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock valued at $492,000 after buying an additional 1,759 shares during the last quarter. Verity Asset Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 16.0% during the first quarter. Verity Asset Management Inc. now owns 3,688 shares of the aerospace company’s stock worth $752,000 after purchasing an additional 509 shares during the last quarter. Rovin Capital UT ADV grew its holdings in shares of Huntington Ingalls Industries by 12.6% during the first quarter. Rovin Capital UT ADV now owns 2,408 shares of the aerospace company’s stock worth $491,000 after purchasing an additional 269 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Huntington Ingalls Industries by 6.3% during the first quarter. DAVENPORT & Co LLC now owns 2,872 shares of the aerospace company’s stock worth $586,000 after purchasing an additional 169 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Huntington Ingalls Industries by 21.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company’s stock worth $78,000 after purchasing an additional 67 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $301.49 on Tuesday. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. The firm’s fifty day moving average price is $278.38 and its 200 day moving average price is $253.14. 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 $309.00.

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

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a $1.38 dividend. The ex-dividend date is Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HII shares. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays raised 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 report on Monday, August 4th. Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $262.67.

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.