Atria Investments Inc Raises Stock Position in Huntington Ingalls Industries, Inc. $HII

Atria Investments Inc raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,886 shares of the aerospace company’s stock after buying an additional 455 shares during the quarter. Atria Investments Inc’s holdings in Huntington Ingalls Industries were worth $1,904,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HII. HM Payson & Co. increased its holdings 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 buying an additional 64 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Geneos Wealth Management Inc. increased its stake in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 59 shares in the last quarter. Concord Wealth Partners increased its stake in shares of Huntington Ingalls Industries by 570.7% during the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 234 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Huntington Ingalls Industries by 152.0% in the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 193 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. TD Cowen upped 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. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price 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. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average price target of $311.33.

Huntington Ingalls Industries Stock Down 0.6%

Shares of NYSE HII opened at $315.73 on Wednesday. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $330.00. The firm has a fifty day moving average of $283.59 and a 200-day moving average of $257.47. The stock has a market capitalization of $12.39 billion, a PE ratio of 23.63, a P/E/G ratio of 1.71 and a beta of 0.38. 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 announced its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 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 analyst estimates 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 period in the prior year, the firm posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

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

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.