US Bancorp DE Has $942,000 Holdings in Huntington Ingalls Industries, Inc. $HII

US Bancorp DE cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,900 shares of the aerospace company’s stock after selling 205 shares during the quarter. US Bancorp DE’s holdings in Huntington Ingalls Industries were worth $942,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. HM Payson & Co. grew its holdings in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth about $31,000. Geneos Wealth Management Inc. boosted its holdings 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 worth $42,000 after purchasing an additional 59 shares during the last quarter. Allworth Financial LP boosted its holdings in Huntington Ingalls Industries by 152.0% during the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 193 shares during the last quarter. Finally, Capital Analysts LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth about $77,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Barclays boosted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Bank of America boosted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Finally, Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $262.67.

Huntington Ingalls Industries Price Performance

HII stock opened at $279.91 on Friday. 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, Inc. has a one year low of $158.88 and a one year high of $296.03. The stock has a market cap of $10.98 billion, a PE ratio of 20.95, a P/E/G ratio of 1.62 and a beta of 0.38. The firm has a 50 day simple moving average of $275.50 and a two-hundred day simple moving average of $248.26.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $4.38 EPS. The firm’s 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 predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

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.