Violich Capital Management Inc. Makes New $246,000 Investment in Huntington Ingalls Industries, Inc. $HII

Violich Capital Management Inc. purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,020 shares of the aerospace company’s stock, valued at approximately $246,000.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. grew its holdings in 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 acquiring an additional 64 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $31,000. Geneos Wealth Management Inc. raised 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. Concord Wealth Partners raised its holdings in shares of Huntington Ingalls Industries by 570.7% in the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 234 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Huntington Ingalls Industries by 152.0% in the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HII. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. 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. Barclays lifted 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. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $262.67.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $279.91 on Friday. The company’s 50 day moving average price is $275.50 and its 200 day moving average price is $248.56. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $296.03. The company has a market capitalization of $10.98 billion, a PE ratio of 20.95, a PEG ratio of 1.60 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries’s payout ratio is presently 40.42%.

Huntington Ingalls Industries 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.