QRG Capital Management Inc. Buys 604 Shares of Huntington Ingalls Industries, Inc. $HII

QRG Capital Management Inc. boosted its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,252 shares of the aerospace company’s stock after acquiring an additional 604 shares during the period. QRG Capital Management Inc.’s holdings in Huntington Ingalls Industries were worth $785,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HII. Earnest Partners LLC boosted its position in shares of Huntington Ingalls Industries by 7.5% during the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock worth $182,443,000 after acquiring an additional 62,190 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 26.0% during the 1st 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 in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 27.3% during the 1st 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 in the last quarter. Auto Owners Insurance Co boosted its position in shares of Huntington Ingalls Industries by 273.2% during the 1st 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Huntington Ingalls Industries by 94.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after acquiring an additional 197,825 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America upped their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. TD Cowen upgraded 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. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $262.67.

Huntington Ingalls Industries Stock Down 1.6%

HII opened at $286.04 on Friday. 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 business has a 50 day simple moving average of $273.35 and a 200-day simple moving average of $244.91. The stock has a market capitalization of $11.22 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.67 and a beta of 0.38. 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 posted its quarterly 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 business 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 company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 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.