Huntington Ingalls Industries, Inc. $HII Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,288 shares of the aerospace company’s stock after buying an additional 107 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Huntington Ingalls Industries were worth $2,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HII. Sentry Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $26,000. HM Payson & Co. lifted its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the period. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $31,000. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at about $61,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $266.9630 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The stock has a 50 day moving average of $253.94 and a two-hundred day moving average of $221.95. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The firm has a market cap of $10.48 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping 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 analyst estimates of $2.94 billion. During the same period in the previous year, the business earned $4.38 EPS. Huntington Ingalls Industries’s quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries’s payout ratio is 40.42%.

Analyst Upgrades and Downgrades

HII has been the subject of several analyst reports. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a research note on Thursday, May 15th. Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Wall Street Zen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $267.00.

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.