Naples Global Advisors LLC Buys 109 Shares of Huntington Ingalls Industries, Inc. $HII

Naples Global Advisors LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,772 shares of the aerospace company’s stock after purchasing an additional 109 shares during the period. Naples Global Advisors LLC’s holdings in Huntington Ingalls Industries were worth $2,359,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HII. Sentry Investment Management LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $26,000. HM Payson & Co. lifted its position in shares of Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $61,000. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $286.09 on Thursday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The business has a fifty day moving average price of $270.77 and a 200-day moving average price of $241.56. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a market capitalization of $11.23 billion, a P/E ratio of 21.41, a PEG ratio of 1.65 and a beta of 0.38.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 40.42%.

Analysts Set New Price Targets

Several research firms have commented on HII. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Bank of America lifted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $264.43.

Huntington Ingalls Industries Company 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.