Inspire Advisors LLC Buys New Stake in Huntington Ingalls Industries, Inc. $HII

Inspire Advisors LLC purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,341 shares of the aerospace company’s stock, valued at approximately $324,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after acquiring an additional 16,236 shares during the period. Earnest Partners LLC boosted its holdings in Huntington Ingalls Industries by 7.5% in the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock valued at $182,443,000 after purchasing an additional 62,190 shares during the period. Dimensional Fund Advisors LP grew its position in Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after purchasing an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 27.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after purchasing an additional 114,635 shares during the period. Finally, Auto Owners Insurance Co raised its position in shares of Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock valued at $92,901,000 after buying an additional 333,308 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at $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. Also, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer directly owned 68,139 shares of the company’s stock, valued at $21,876,707.34. This represents a 18.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.3%

Shares of NYSE HII opened at $310.04 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a market cap of $12.17 billion, a PE ratio of 23.21, a P/E/G ratio of 1.71 and a beta of 0.40. The company has a 50-day moving average of $292.73 and a two-hundred day moving average of $263.98. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. The firm 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%. Huntington Ingalls Industries’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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. Investors of record on Friday, November 28th will be given a $1.38 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio is 38.12%.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped 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. Barclays lifted 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, 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. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $318.57.

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.