Valley National Advisers Inc. Sells 174 Shares of Huntington Ingalls Industries, Inc. $HII

Valley National Advisers Inc. decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 59.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117 shares of the aerospace company’s stock after selling 174 shares during the quarter. Valley National Advisers Inc.’s holdings in Huntington Ingalls Industries were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC grew its stake in shares of Huntington Ingalls Industries by 7.5% in the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock worth $182,443,000 after acquiring an additional 62,190 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after buying an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after buying an additional 114,635 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after buying an additional 333,308 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after buying an additional 197,825 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.2%

Shares of Huntington Ingalls Industries stock opened at $285.15 on Wednesday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.65 and a beta of 0.38. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $272.55 and its 200-day moving average price is $244.03.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $4.38 earnings per share. 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. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio is 40.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HII shares. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Saturday, September 27th. Bank of America upped their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Barclays upped their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $264.43.

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.