Assetmark Inc. Acquires 12,074 Shares of Huntington Ingalls Industries, Inc. $HII

Assetmark Inc. grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 110.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,995 shares of the aerospace company’s stock after acquiring an additional 12,074 shares during the period. Assetmark Inc. owned about 0.06% of Huntington Ingalls Industries worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HII. Auto Owners Insurance Co boosted its holdings in Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after buying an additional 197,825 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after buying an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after buying an additional 114,635 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 73.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company’s stock worth $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 Analysts Forecast Growth

Several analysts have commented on HII shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Bank of America boosted their price target 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 boosted their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $305.20.

Huntington Ingalls Industries Stock Up 0.9%

Shares of NYSE HII opened at $321.94 on Monday. The firm’s 50-day moving average price is $281.77 and its 200-day moving average price is $256.10. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.71 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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. Investors of record on Friday, November 28th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is currently 38.12%.

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.