Cascade Investment Advisors Inc. Trims Stake in Huntington Ingalls Industries, Inc. $HII

Cascade Investment Advisors Inc. lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,230 shares of the aerospace company’s stock after selling 645 shares during the period. Cascade Investment Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $1,263,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the first quarter valued at $31,000. HM Payson & Co. grew its stake in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares in the last quarter. Concord Wealth Partners grew its stake in Huntington Ingalls Industries by 570.7% during the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 234 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in Huntington Ingalls Industries during the first quarter valued at $61,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.0%

Shares of HII opened at $283.26 on Monday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a 50-day moving average of $273.63 and a 200 day moving average of $246.03. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.62 and a beta of 0.38. 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 announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on HII. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Barclays raised their target price on shares of 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 lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, Bank of America increased their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $262.67.

Huntington Ingalls Industries Company 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.