Concord Wealth Partners Boosts Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Concord Wealth Partners raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 570.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275 shares of the aerospace company’s stock after purchasing an additional 234 shares during the period. Concord Wealth Partners’ holdings in Huntington Ingalls Industries were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HII. HM Payson & Co. grew its stake in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Geneos Wealth Management Inc. grew its stake 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 valued at $42,000 after acquiring an additional 59 shares in the last quarter. Grove Bank & Trust purchased a new position in Huntington Ingalls Industries during the first quarter valued at approximately $61,000. Finally, Allworth Financial LP grew its stake in Huntington Ingalls Industries by 152.0% during the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HII shares. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America boosted 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 note on Wednesday, August 13th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Finally, Barclays boosted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $262.67.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $287.75 on Tuesday. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.62 and a beta of 0.38. The company has a fifty day moving average of $274.08 and a 200-day moving average of $246.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $4.38 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is 40.42%.

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.