Koss Olinger Consulting LLC Sells 235 Shares of Huntington Ingalls Industries, Inc. $HII

Koss Olinger Consulting LLC lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,909 shares of the aerospace company’s stock after selling 235 shares during the period. Koss Olinger Consulting LLC’s holdings in Huntington Ingalls Industries were worth $2,393,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 21.6% in the second quarter. Envestnet Asset Management Inc. now owns 112,759 shares of the aerospace company’s stock valued at $27,227,000 after acquiring an additional 20,063 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Huntington Ingalls Industries by 4.9% in the second quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock valued at $299,000 after acquiring an additional 58 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 33.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,949 shares of the aerospace company’s stock valued at $7,231,000 after acquiring an additional 7,519 shares during the last quarter. Pullen Investment Management LLC raised its position in Huntington Ingalls Industries by 0.3% in the 2nd quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock worth $3,833,000 after purchasing an additional 46 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $258,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $300.36 on Monday. The firm has a fifty day moving average of $277.70 and a two-hundred day moving average of $252.44. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.72 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $301.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.38 EPS. 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 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm 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. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is presently 40.42%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays boosted their price objective 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. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Saturday. Bank of America boosted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $262.67.

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.