Federated Hermes Inc. Buys 133 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Federated Hermes Inc. grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 48.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 406 shares of the aerospace company’s stock after purchasing an additional 133 shares during the quarter. Federated Hermes Inc.’s holdings in Huntington Ingalls Industries were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. SteelPeak Wealth LLC bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at $1,769,000. SG Americas Securities LLC boosted its holdings in Huntington Ingalls Industries by 950.1% during the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock worth $11,208,000 after purchasing an additional 34,792 shares during the last quarter. Prevatt Capital Ltd bought a new stake in Huntington Ingalls Industries in the 4th quarter worth about $15,578,000. Los Angeles Capital Management LLC increased its stake in Huntington Ingalls Industries by 26.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock valued at $5,963,000 after buying an additional 4,217 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Huntington Ingalls Industries by 30.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock worth $14,517,000 after buying an additional 11,647 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $275.50.

Huntington Ingalls Industries Trading Down 0.1 %

Shares of HII stock opened at $257.02 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm has a market cap of $10.08 billion, a P/E ratio of 14.49, a PEG ratio of 2.33 and a beta of 0.52. The company has a 50 day moving average of $268.43 and a 200-day moving average of $265.11. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted $3.27 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.02%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

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.