Huntington Ingalls Industries, Inc. $HII Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,072 shares of the aerospace company’s stock after selling 347 shares during the period. Sigma Planning Corp’s holdings in Huntington Ingalls Industries were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Huntington Ingalls Industries during the first quarter worth about $31,000. Geneos Wealth Management Inc. grew its holdings 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 during the period. Concord Wealth Partners grew its holdings 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 during the period. Allworth Financial LP increased its position in Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 193 shares in the last quarter. Finally, Capital Analysts LLC purchased a new position in Huntington Ingalls Industries in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the business’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 completion of the sale, the chief accounting officer directly owned 2,418 shares in the company, valued at approximately $760,122.48. The trade was a 16.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a report on Friday. Bank of America upped their price target 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. Barclays increased their price target on 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, The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $318.57.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $310.03 on Friday. The firm has a fifty day moving average of $285.59 and a two-hundred day moving average of $259.07. The firm has a market cap of $12.17 billion, a P/E ratio of 23.21, 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 company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII) last issued 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 business had revenue of $3.19 billion for 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 quarterly revenue 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. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 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.