Summit Wealth & Retirement Planning Inc. Invests $230,000 in Huntington Ingalls Industries, Inc. $HII

Summit Wealth & Retirement Planning Inc. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 953 shares of the aerospace company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2.4% during the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock worth $376,000 after acquiring an additional 44 shares during the period. Pullen Investment Management LLC lifted its stake in Huntington Ingalls Industries by 0.3% during the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock worth $3,833,000 after purchasing an additional 46 shares during the period. Farther Finance Advisors LLC boosted its holdings in Huntington Ingalls Industries by 11.3% during the second quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock valued at $138,000 after purchasing an additional 58 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Huntington Ingalls Industries by 4.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock valued at $299,000 after purchasing an additional 58 shares during the period. Finally, 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 worth $42,000 after buying an additional 59 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $310.03 on Friday. The stock has a 50-day simple moving average of $285.59 and a 200 day simple moving average of $258.78. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.71 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the firm earned $2.56 EPS. The company’s revenue was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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. Shareholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 annualized dividend and a yield of 1.8%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Bank of America increased their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Barclays boosted 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, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $318.57.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction on Tuesday, November 4th. The stock was 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 approximately $760,122.48. This trade represents a 16.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

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.