Fox Run Management L.L.C. Takes Position in Huntington Ingalls Industries, Inc. $HII

Fox Run Management L.L.C. acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,868 shares of the aerospace company’s stock, valued at approximately $451,000.

Several other large investors have also recently bought and sold shares of HII. SouthState Corp boosted its position in shares of Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares in the last quarter. Concord Wealth Partners grew its position in Huntington Ingalls Industries by 570.7% during the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after buying an additional 234 shares during the period. Allworth Financial LP increased its holdings in 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 buying 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 about $77,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $324.07 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $330.00. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The business has a fifty day moving average of $287.65 and a 200-day moving average of $260.74. 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 posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business posted $2.56 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

Analyst Ratings Changes

A number of research firms recently weighed in on HII. TD Cowen upped their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Bank of America boosted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $318.57.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

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.