Mitsubishi UFJ Asset Management UK Ltd. Invests $724,000 in Huntington Ingalls Industries, Inc. $HII

Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the aerospace company’s stock, valued at approximately $724,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. raised its holdings in shares of Huntington Ingalls Industries by 2.4% in the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 44 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company’s stock worth $433,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 56 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares in the last quarter. Finally, Bangor Savings Bank boosted its stake in shares of Huntington Ingalls Industries by 1.7% during the 2nd quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company’s stock worth $874,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $287.83 on Wednesday. The company’s fifty day moving average price is $270.35 and its two-hundred day moving average price is $241.25. 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 $11.29 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.60 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14.

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

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued 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 dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is 40.42%.

Analyst Ratings Changes

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