First Horizon Advisors Inc. Sells 449 Shares of Huntington Ingalls Industries, Inc. $HII

First Horizon Advisors Inc. trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,242 shares of the aerospace company’s stock after selling 449 shares during the period. First Horizon Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HII. Buttonwood Financial Advisors Inc. bought a new position in Huntington Ingalls Industries in the second quarter valued at approximately $253,000. Peddock Capital Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter worth $483,000. Revisor Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth $374,000. Teacher Retirement System of Texas bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $1,324,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $243,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $305.41 on Friday. The stock has a market capitalization of $11.98 billion, a PE ratio of 22.86, a P/E/G ratio of 1.71 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $330.00. The firm has a fifty day simple moving average of $284.80 and a 200 day simple moving average of $258.14. The company has a current ratio of 1.08, a quick ratio of 1.00 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, beating analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio is 38.12%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HII. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America lifted 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. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $311.33.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares in the company, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by company insiders.

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.