Rovin Capital UT ADV Cuts Stake in Huntington Ingalls Industries, Inc. $HII

Rovin Capital UT ADV lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,143 shares of the aerospace company’s stock after selling 265 shares during the quarter. Rovin Capital UT ADV’s holdings in Huntington Ingalls Industries were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HII. Teacher Retirement System of Texas bought a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $1,324,000. World Investment Advisors purchased a new stake in Huntington Ingalls Industries during the first quarter valued at about $544,000. Envestnet Asset Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 20.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 92,696 shares of the aerospace company’s stock worth $18,914,000 after purchasing an additional 15,892 shares in the last quarter. M&T Bank Corp lifted its position in Huntington Ingalls Industries by 58.2% in the 1st quarter. M&T Bank Corp now owns 13,330 shares of the aerospace company’s stock worth $2,720,000 after buying an additional 4,905 shares during the last quarter. Finally, Personal CFO Solutions LLC bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $217,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HII. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein reiterated a “market perform” rating on shares of Huntington Ingalls Industries in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Barclays raised their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $311.33.

Insider Activity at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was 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 in the company, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $305.41 on Friday. The company has a market cap of $11.98 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.71 and a beta of 0.40. The firm’s fifty day moving average is $284.80 and its two-hundred day moving average is $258.14. 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, Inc. has a 52-week low of $158.88 and a 52-week high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (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 return on equity of 11.34% and a net margin of 4.54%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a $1.38 dividend. The ex-dividend date is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is currently 38.12%.

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.