Versor Investments LP Takes $734,000 Position in Huntington Ingalls Industries, Inc. $HII

Versor Investments LP bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,041 shares of the aerospace company’s stock, valued at approximately $734,000.

A number of other hedge funds have also recently modified their holdings of the business. Earnest Partners LLC grew its stake in shares of Huntington Ingalls Industries by 7.5% during the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock valued at $182,443,000 after buying an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after buying an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after buying an additional 114,635 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock valued at $92,901,000 after buying an additional 333,308 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after buying an additional 197,825 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 1.6%

Huntington Ingalls Industries stock opened at $316.98 on Tuesday. The business has a fifty day moving average of $282.71 and a two-hundred day moving average of $256.79. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.44 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.71 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $330.00.

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

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HII shares. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock 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 research note on Sunday, September 7th. Finally, JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $311.33.

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.