3Chopt Investment Partners LLC Makes New $240,000 Investment in Huntington Ingalls Industries, Inc. $HII

3Chopt Investment Partners LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, Holdings Channel.com reports. The institutional investor bought 994 shares of the aerospace company’s stock, valued at approximately $240,000.

A number of other institutional investors have also added to or reduced their stakes in HII. Merit Financial Group LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth about $203,000. Farther Finance Advisors LLC increased its stake in Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 56 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Huntington Ingalls Industries by 3.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,515 shares of the aerospace company’s stock valued at $921,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Huntington Ingalls Industries by 269.0% during the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock valued at $492,000 after purchasing an additional 1,759 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at about $885,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 1.0%

Shares of HII stock opened at $283.26 on Friday. The stock has a market capitalization of $11.12 billion, a PE ratio of 21.20, a P/E/G ratio of 1.64 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The business has a 50-day moving average of $273.63 and a 200 day moving average of $245.44. 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 (NYSE:HII) last issued 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business posted $4.38 EPS. Huntington Ingalls Industries’s quarterly revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is presently 40.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday. Bank of America increased their price objective 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 lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $262.67.

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.