AGF Management Ltd. Has $6.69 Million Holdings in Huntington Ingalls Industries, Inc. $HII

AGF Management Ltd. boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,689 shares of the aerospace company’s stock after acquiring an additional 1,734 shares during the period. AGF Management Ltd. owned approximately 0.07% of Huntington Ingalls Industries worth $6,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Auto Owners Insurance Co raised its position in shares of 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 purchasing an additional 333,308 shares during the period. Sound Shore Management Inc CT acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $80,047,000. Jacobs Levy Equity Management Inc. lifted 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 valued at $83,311,000 after buying an additional 197,825 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $148,686,000 after buying an additional 150,204 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of 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 valued at $109,108,000 after buying an additional 114,635 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at $760,122.48. The trade was a 16.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Up 1.5%

NYSE:HII opened at $310.03 on Monday. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $330.00. The stock’s 50 day moving average price is $285.59 and its two-hundred day moving average price is $259.36. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the firm posted $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. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a $1.38 dividend. 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 yield of 1.8%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Bank of America increased their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a report on Friday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $318.57.

Huntington Ingalls Industries Profile

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.