Huntington Ingalls Industries, Inc. $HII Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC reduced its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,611 shares of the aerospace company’s stock after selling 152 shares during the quarter. Faithward Advisors LLC’s holdings in Huntington Ingalls Industries were worth $2,981,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HII. Sentry Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $26,000. HM Payson & Co. lifted its stake in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth $31,000. Raiffeisen Bank International AG acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $61,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Up 0.4%

HII stock opened at $271.03 on Monday. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a fifty day moving average of $262.73 and a 200-day moving average of $230.84. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $4.38 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries’s payout ratio is 40.42%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Bank of America raised their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a research report on Thursday, May 15th. Finally, Barclays boosted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $267.00.

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.