Swiss National Bank Lowers Position in Huntington Ingalls Industries, Inc. $HII

Swiss National Bank decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,900 shares of the aerospace company’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned approximately 0.19% of Huntington Ingalls Industries worth $18,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amitell Capital Pte Ltd bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $4,792,000. Highview Capital Management LLC DE purchased a new stake in shares of Huntington Ingalls Industries in the second quarter worth $1,407,000. Inspire Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries in the second quarter worth $324,000. Nomura Asset Management Co. Ltd. raised its position in shares of Huntington Ingalls Industries by 10.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,309 shares of the aerospace company’s stock valued at $316,000 after purchasing an additional 124 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Huntington Ingalls Industries by 57.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,528 shares of the aerospace company’s stock valued at $2,542,000 after buying an additional 3,842 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. The trade was a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction on Tuesday, November 4th. The shares were 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. The trade was a 16.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,316 shares of company stock valued at $5,230,516 in the last ninety days. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $314.64 on Thursday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $330.00. The firm has a market capitalization of $12.35 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The company has a fifty day simple moving average of $296.29 and a two-hundred day simple moving average of $266.68. 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 earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $2.56 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $1.38 per share. 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. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. The Goldman Sachs Group upped their price target 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. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Finally, TD Cowen upped their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three research 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, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Company 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.