Amica Retiree Medical Trust Invests $192,000 in Huntington Ingalls Industries, Inc. $HII

Amica Retiree Medical Trust acquired a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 794 shares of the aerospace company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp raised its holdings in Huntington Ingalls Industries by 310.0% in the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 59 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Huntington Ingalls Industries by 27.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 48 shares in the last quarter. Finally, Concord Wealth Partners lifted its position 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 during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $318.57.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the sale, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at $760,122.48. This represents a 16.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Up 1.5%

Shares of HII opened at $310.03 on Friday. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.71 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $330.00. The stock’s 50-day moving average price is $285.59 and its 200-day moving average price is $259.07. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is a positive change 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 1.8%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.12%.

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.