MUFG Securities EMEA plc Invests $1.93 Million in Huntington Ingalls Industries, Inc. $HII

MUFG Securities EMEA plc bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 8,000 shares of the aerospace company’s stock, valued at approximately $1,932,000.

A number of other large investors also recently bought and sold shares of the stock. Versor Investments LP acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $734,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Huntington Ingalls Industries by 25.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,090 shares of the aerospace company’s stock valued at $1,229,000 after purchasing an additional 1,022 shares in the last quarter. Twin City Private Wealth LLC lifted its stake in shares of Huntington Ingalls Industries by 2.3% in the 2nd quarter. Twin City Private Wealth LLC now owns 4,671 shares of the aerospace company’s stock valued at $1,128,000 after purchasing an additional 105 shares during the period. AlphaStar Capital Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $203,000. Finally, AMG National Trust Bank boosted its holdings in Huntington Ingalls Industries by 3.8% during the second quarter. AMG National Trust Bank now owns 8,626 shares of the aerospace company’s stock worth $2,083,000 after buying an additional 316 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.9%

Shares of NYSE HII opened at $321.94 on Friday. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. The company’s 50-day simple moving average is $281.77 and its 200-day simple moving average is $255.82. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $2.56 EPS. Huntington Ingalls Industries’s quarterly revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America increased their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. TD Cowen lifted their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $305.20.

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.