Huntington Ingalls Industries, Inc. $HII Shares Sold by Burney Co.

Burney Co. lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 45.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,194 shares of the aerospace company’s stock after selling 5,256 shares during the period. Burney Co.’s holdings in Huntington Ingalls Industries were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. lifted its position in 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 period. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $31,000. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st 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 during the period. Concord Wealth Partners lifted its position in shares of Huntington Ingalls Industries by 570.7% during the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 234 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HII shares. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays lifted their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $311.33.

Huntington Ingalls Industries Trading Down 0.6%

Shares of HII opened at $315.73 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $283.59 and a 200-day simple moving average of $257.47. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $330.00. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS 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 for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company 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. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is presently 38.12%.

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.