Highlights
- Asset Management One Co. Ltd. increased its shareholding in Huntington Ingalls Industries (NYSE:HII) by 1.6% during the fourth quarter.
- The company's stock performance has seen fluctuations, with a recent opening price of $173.91, and its market capitalization stands at $6.81 billion.
- Several analysts have provided varied ratings, leading to a consensus rating of “Hold” with a price target estimate of $221.22.
Asset Management One Co. Ltd. increased its stake in shares of Huntington Ingalls Industries, Inc. by 1.6% during the fourth quarter. The fund owned 14,940 shares valued at $2,845,000 after acquiring an additional 231 shares.
Other notable investment activities include new positions by Northwest Investment Counselors LLC, Truvestments Capital LLC, and Wingate Wealth Advisors Inc. Further, Bruce G. Allen Investments LLC enhanced its stake by 43.4% during the same period.
Stock Performance Overview
Huntington Ingalls Industries opened at $173.91 recently, amid a twelve-month range of $158.88 to $299.50. The company features a current ratio of 1.08, a quick ratio of 1.01, and a debt-to-equity ratio of 0.58. Its price-to-earnings ratio stands at 12.46, with a price-to-earnings-growth ratio of 1.04 and a beta of 0.57. The company declared a quarterly dividend of $1.35, resulting in a 3.11% yield on an annualized basis.
Analyst Perspectives
Industry analysts have shown varied perspectives toward the stock. Firms like Bank of America, Alembic Global Advisors, TD Cowen, and Deutsche Bank Aktiengesellschaft have all adjusted their ratings, leading to a consensus “Hold” rating with a target price near $221.22.
Corporate Profile
Huntington Ingalls Industries is renowned for designing, building, overhauling, and repairing military ships in the United States. It operates through Ingalls, Newport News, and Mission Technologies segments and is involved in both nuclear and non-nuclear ship construction.
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