Huntington Ingalls Industries, Inc. $HII Stock Position Raised by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,022 shares of the aerospace company’s stock after purchasing an additional 1,658 shares during the period. Avantax Advisory Services Inc.’s holdings in Huntington Ingalls Industries were worth $2,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC acquired a new position in Huntington Ingalls Industries during the second quarter valued at $483,000. Buttonwood Financial Advisors Inc. acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth about $253,000. Revisor Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $374,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $243,000. Finally, Markel Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after purchasing an additional 2,500 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 2.6%

Huntington Ingalls Industries stock opened at $301.68 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $330.00. The company’s fifty day moving average price is $293.24 and its two-hundred day moving average price is $264.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.71 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business 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 dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. 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 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Insider Activity 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 shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the transaction, the chief executive officer owned 68,139 shares of the company’s stock, valued at $21,876,707.34. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of several research reports. Bank of America raised their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. JPMorgan Chase & Co. upped 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 note on Monday, November 3rd. Finally, TD Cowen lifted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $318.57.

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.