Huntington Ingalls Industries, Inc. $HII Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 60.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,550 shares of the aerospace company’s stock after selling 3,870 shares during the period. Wellington Management Group LLP’s holdings in Huntington Ingalls Industries were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in 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 worth $148,686,000 after acquiring an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in 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 worth $109,108,000 after acquiring an additional 114,635 shares during the period. GAMMA Investing LLC grew its holdings in Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock worth $1,004,590,000 after acquiring an additional 491,695 shares during the period. Auto Owners Insurance Co grew its holdings in 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 worth $92,901,000 after acquiring an additional 333,308 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Huntington Ingalls Industries by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 376,363 shares of the aerospace company’s stock worth $76,793,000 after acquiring an additional 13,967 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HII shares. Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Bank of America lifted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $267.00.

Huntington Ingalls Industries Trading Down 1.7%

NYSE:HII opened at $270.50 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The stock’s 50-day moving average is $260.06 and its two-hundred day moving average is $228.07. The stock has a market cap of $10.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries’s payout ratio is 40.42%.

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.