Private Trust Co. NA Sells 89 Shares of Huntington Ingalls Industries, Inc. $HII

Private Trust Co. NA lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,280 shares of the aerospace company’s stock after selling 89 shares during the quarter. Private Trust Co. NA’s holdings in Huntington Ingalls Industries were worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HII. HM Payson & Co. raised its holdings in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares during the last quarter. Concord Wealth Partners increased its holdings in shares of Huntington Ingalls Industries by 570.7% in the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 234 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Huntington Ingalls Industries by 152.0% in the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 193 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $262.67.

Huntington Ingalls Industries Trading Down 1.0%

HII opened at $279.91 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $296.03. The company has a 50-day simple moving average of $275.50 and a 200 day simple moving average of $248.56. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.60 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping the consensus estimate 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 business 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 business posted $4.38 earnings per share. Huntington Ingalls Industries’s revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued 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%.

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.