Global Retirement Partners LLC Makes New $443,000 Investment in Huntington Ingalls Industries, Inc. $HII

Global Retirement Partners LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,833 shares of the aerospace company’s stock, valued at approximately $443,000.

Several other large investors also recently made changes to their positions in the stock. Peddock Capital Advisors LLC acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $483,000. Buttonwood Financial Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $253,000. Revisor Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at approximately $374,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $243,000. Finally, Markel Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 13.9% during the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock worth $4,950,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HII has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. TD Cowen raised their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. The Goldman Sachs Group raised their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Three investment 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 an average rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $316.39 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00. The company’s 50 day moving average price is $297.91 and its two-hundred day moving average price is $267.90. The firm has a market cap of $12.42 billion, a PE ratio of 23.68, a PEG ratio of 1.71 and a beta of 0.40. 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 issued its quarterly 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 16.1% compared to the same quarter last year. 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. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s payout ratio is currently 38.12%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the sale, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the transaction, 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. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 over the last three months. Company insiders own 0.72% of the company’s stock.

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.