Huntington Ingalls Industries, Inc. $HII Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 66.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533 shares of the aerospace company’s stock after acquiring an additional 213 shares during the period. Allworth Financial LP’s holdings in Huntington Ingalls Industries were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SouthState Corp boosted 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 valued at $30,000 after purchasing an additional 93 shares during the last quarter. Geneos Wealth Management Inc. boosted 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 valued at $42,000 after buying an additional 59 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $54,000 after buying an additional 48 shares during the last quarter. Concord Wealth Partners grew its position in shares of Huntington Ingalls Industries by 570.7% during the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after buying an additional 234 shares in the last quarter. Finally, Capital Analysts LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth $77,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In other news, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.3%

NYSE:HII opened at $310.04 on Thursday. The firm has a market capitalization of $12.17 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.71 and a beta of 0.40. The business has a 50 day simple moving average of $292.73 and a 200 day simple moving average of $263.98. 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 12-month low of $158.88 and a 12-month high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last posted its 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. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business posted $2.56 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research 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. Investors of record on Friday, November 28th will be given a $1.38 dividend. The ex-dividend date is Friday, November 28th. 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. Huntington Ingalls Industries’s payout ratio is 38.12%.

Analysts Set New Price Targets

A number of research firms have commented on HII. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Barclays boosted their target price on shares of 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. JPMorgan Chase & Co. increased their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Finally, TD Cowen boosted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $318.57.

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.