Mayfair Advisory Group LLC Invests $246,000 in Huntington Ingalls Industries, Inc. $HII

Mayfair Advisory Group LLC bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 928 shares of the aerospace company’s stock, valued at approximately $246,000.

A number of other large investors also recently added to or reduced their stakes in HII. Quadrant Capital Group LLC boosted its stake in shares of Huntington Ingalls Industries by 102.5% in the second quarter. Quadrant Capital Group LLC now owns 3,416 shares of the aerospace company’s stock valued at $825,000 after purchasing an additional 1,729 shares during the period. Employees Retirement System of Texas purchased a new position in Huntington Ingalls Industries in the second quarter valued at approximately $77,000. J.W. Cole Advisors Inc. purchased a new stake in Huntington Ingalls Industries in the second quarter valued at $359,000. Financial Advocates Investment Management lifted its holdings in shares of Huntington Ingalls Industries by 48.0% in the 2nd quarter. Financial Advocates Investment Management now owns 1,781 shares of the aerospace company’s stock valued at $430,000 after purchasing an additional 578 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 12.7% in the second quarter. Advisors Asset Management Inc. now owns 10,458 shares of the aerospace company’s stock valued at $2,525,000 after acquiring an additional 1,182 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on HII shares. JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. 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, November 7th. The Goldman Sachs Group increased their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Finally, TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $318.57.

Huntington Ingalls Industries Stock Down 0.0%

HII opened at $314.64 on Thursday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $330.00. The business has a 50-day moving average of $296.29 and a two-hundred day moving average of $266.68. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. 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 announced its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. The company 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 business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.56 EPS. 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 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the transaction, the chief executive officer owned 68,139 shares in the company, valued at $21,876,707.34. This represents a 18.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares in the company, valued at approximately $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,316 shares of company stock worth $5,230,516. 0.72% of the stock is currently owned by company insiders.

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.