Teacher Retirement System of Texas Increases Position in Huntington Ingalls Industries, Inc. $HII

Teacher Retirement System of Texas grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,833 shares of the aerospace company’s stock after acquiring an additional 1,342 shares during the quarter. Teacher Retirement System of Texas’ holdings in Huntington Ingalls Industries were worth $1,891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Earnest Partners LLC grew its stake in 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 buying an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Huntington Ingalls Industries by 26.0% in the 1st 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. raised its holdings in Huntington Ingalls Industries by 27.3% in the 1st 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. Auto Owners Insurance Co raised its holdings in Huntington Ingalls Industries by 273.2% in the 1st 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. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after acquiring an additional 197,825 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America increased their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their target price 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, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $311.33.

Huntington Ingalls Industries Stock Down 1.6%

HII stock opened at $316.98 on Tuesday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $330.00. The company has a fifty day moving average of $282.71 and a 200-day moving average of $256.79. The stock has a market capitalization of $12.44 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the company earned $2.56 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

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