D.A. Davidson & CO. Cuts Stock Holdings in Huntington Ingalls Industries, Inc. $HII

D.A. Davidson & CO. decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,800 shares of the aerospace company’s stock after selling 271 shares during the period. D.A. Davidson & CO.’s holdings in Huntington Ingalls Industries were worth $1,159,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HII. Auto Owners Insurance Co boosted its position in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock valued at $92,901,000 after buying an additional 333,308 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after buying an additional 197,825 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after buying an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after buying an additional 114,635 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 73.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company’s stock valued at $51,548,000 after buying an additional 107,009 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $301.49 on Tuesday. 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 1 year low of $158.88 and a 1 year high of $309.00. The firm has a market cap of $11.83 billion, a PE ratio of 22.57, a PEG ratio of 1.72 and a beta of 0.38. The stock’s fifty day moving average price is $278.38 and its two-hundred day moving average price is $253.14.

Huntington Ingalls Industries (NYSE:HII) last released 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 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 analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $4.38 EPS. The firm’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. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

Analyst Ratings Changes

HII has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Bank of America lifted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report 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. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus 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.