Mutual of America Capital Management LLC Cuts Stake in Huntington Ingalls Industries, Inc. $HII

Mutual of America Capital Management LLC reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,494 shares of the aerospace company’s stock after selling 50 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Huntington Ingalls Industries were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. grew its holdings in Huntington Ingalls Industries by 2.4% in the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 44 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Huntington Ingalls Industries by 11.3% in the second quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock worth $138,000 after purchasing an additional 58 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Huntington Ingalls Industries by 40.1% in 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. Bangor Savings Bank grew its holdings in Huntington Ingalls Industries by 1.7% in the second quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company’s stock worth $874,000 after purchasing an additional 60 shares during the last quarter. Finally, 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 last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Saturday. Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Bank of America lifted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Barclays lifted their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus price target of $262.67.

Huntington Ingalls Industries Trading Up 3.5%

Shares of HII stock opened at $300.36 on Monday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $301.74. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $277.70 and its two-hundred day moving average is $252.44. The company has a market cap of $11.79 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $4.38 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.8%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is 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.