Martin Capital Partners LLC Buys New Shares in Huntington Ingalls Industries, Inc. $HII

Martin Capital Partners LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,877 shares of the aerospace company’s stock, valued at approximately $453,000.

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

Huntington Ingalls Industries Stock Down 0.3%

Huntington Ingalls Industries stock opened at $275.18 on Monday. 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 stock has a market capitalization of $10.80 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.57 and a beta of 0.40. The business has a 50 day simple moving average of $265.07 and a 200-day simple moving average of $234.32. 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 quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (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 analysts’ expectations 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 for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HII shares. 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. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays boosted 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. Finally, Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $264.43.

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.