Bessemer Group Inc. Trims Position in Huntington Ingalls Industries, Inc. $HII

Bessemer Group Inc. cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 68.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,561 shares of the aerospace company’s stock after selling 3,434 shares during the period. Bessemer Group Inc.’s holdings in Huntington Ingalls Industries were worth $376,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Auto Owners Insurance Co grew its stake in Huntington Ingalls Industries by 273.2% in the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after purchasing an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Huntington Ingalls Industries by 94.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after purchasing an additional 197,825 shares during the period. Dimensional Fund Advisors LP grew its stake in Huntington Ingalls Industries by 26.0% in the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after purchasing an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Huntington Ingalls Industries by 27.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after purchasing an additional 114,635 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Huntington Ingalls Industries by 73.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company’s stock worth $51,548,000 after purchasing an additional 107,009 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen upped their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. The Goldman Sachs Group upped their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America upped 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, Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $305.20.

Huntington Ingalls Industries Trading Up 0.9%

NYSE HII opened at $321.94 on Monday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $330.00. The stock has a market cap of $12.63 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.71 and a beta of 0.38. The stock’s fifty day moving average price is $281.77 and its 200-day moving average price is $256.10. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 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 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.12%.

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.