Torray Investment Partners LLC Acquires New Stake in Huntington Ingalls Industries, Inc. $HII

Torray Investment Partners LLC acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,324 shares of the aerospace company’s stock, valued at approximately $1,422,000.

A number of other institutional investors have also recently bought and sold shares of HII. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Huntington Ingalls Industries by 1.5% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 25,361 shares of the aerospace company’s stock valued at $6,773,000 after purchasing an additional 382 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 7.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,356 shares of the aerospace company’s stock valued at $629,000 after purchasing an additional 169 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Huntington Ingalls Industries in the third quarter worth $4,089,000. Vise Technologies Inc. boosted its holdings in Huntington Ingalls Industries by 15.8% in the third quarter. Vise Technologies Inc. now owns 3,947 shares of the aerospace company’s stock worth $1,054,000 after purchasing an additional 538 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Huntington Ingalls Industries during the third quarter worth $888,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Key Huntington Ingalls Industries News

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Ingalls Shipbuilding completed builder’s sea trials for Harrisburg (LPD 30), the first Flight II San Antonio-class amphibious transport dock. Successful testing of propulsion, controls, communications and mission systems marks progress toward delivery. Article: HII Successfully Completes Builder’s Trials on Harrisburg (LPD 30)
• Positive Sentiment: HII and Thales demonstrated an end-to-end autonomous mine-countermeasure mission using Expeditionary PathMaster. The successful demonstration supports HII’s positioning in autonomous naval systems, though no contract value or revenue impact was disclosed. Article: HII and Thales Successfully Demonstrate Expeditionary PathMaster’s Ability to Deliver an End-to-End Autonomous Mine Countermeasure Mission
• Positive Sentiment: A Seeking Alpha opinion piece described HII as a “deep value buy,” offering a bullish valuation perspective rather than reporting a new company development. Article: Huntington Ingalls: Anchor Of American Naval Might At A Deep Value Buy
• Neutral Sentiment: JPMorgan raised its price target to $375 from $370 and kept a neutral rating. Bernstein lifted its target to $352 from $304 but maintained a Market Perform rating. Higher targets are supportive, but neither firm upgraded its recommendation. JPMorgan analyst rating Bernstein analyst rating
• Neutral Sentiment: HII’s first ROMULUS drone ship moved closer to completion, another development in its uncrewed-vessel program; the headline provided no details on timing or financial contribution. Article: HII Moves First ROMULUS Drone Ship Closer to Completion

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HII shares. TD Cowen cut their price objective on Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a $406.00 target price on shares of Huntington Ingalls Industries in a research report on Friday. Wells Fargo & Company upped their target price on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Sanford C. Bernstein lifted their price target on shares of Huntington Ingalls Industries from $304.00 to $352.00 and gave the company a “market perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $369.50.

Huntington Ingalls Industries Stock Up 1.2%

NYSE HII opened at $317.39 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.26. The firm has a 50-day simple moving average of $278.77 and a 200 day simple moving average of $335.13. Huntington Ingalls Industries, Inc. has a twelve month low of $255.35 and a twelve month high of $460.00. The stock has a market cap of $12.51 billion, a PE ratio of 17.08, a PEG ratio of 1.16 and a beta of 0.17.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 29th. The aerospace company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $4.36 by $1.12. Huntington Ingalls Industries had a return on equity of 13.95% and a net margin of 5.42%. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the firm earned $3.68 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.60 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 27th will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Friday, November 27th. Huntington Ingalls Industries’s payout ratio is presently 29.71%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.