Sumitomo Mitsui Trust Group Inc. Has $469,000 Stock Position in Huntington Ingalls Industries, Inc. $HII

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 53.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,944 shares of the aerospace company’s stock after selling 2,238 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Huntington Ingalls Industries were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. raised its stake in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares during the period. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. increased its holdings in Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. Concord Wealth Partners increased its holdings in Huntington Ingalls Industries by 570.7% during the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 234 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 193 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

HII stock opened at $321.94 on Friday. The firm has a market cap of $12.63 billion, a PE ratio of 24.10, a P/E/G ratio of 1.71 and a beta of 0.38. 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 has a 50 day moving average of $281.77 and a 200-day moving average of $255.56. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $1.38 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 40.42%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. TD Cowen boosted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday. Bank of America boosted their price objective on 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 lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $305.20.

Huntington Ingalls Industries 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.