Bank of New York Mellon Corp Has $75.23 Million Stake in Huntington Ingalls Industries, Inc. $HII

Bank of New York Mellon Corp reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 9.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 311,544 shares of the aerospace company’s stock after selling 33,939 shares during the quarter. Bank of New York Mellon Corp’s holdings in Huntington Ingalls Industries were worth $75,226,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. lifted its position 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 valued at $376,000 after acquiring an additional 44 shares during the period. Pullen Investment Management LLC raised its stake in Huntington Ingalls Industries by 0.3% in the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock valued at $3,833,000 after purchasing an additional 46 shares in the last quarter. Farther Finance Advisors LLC grew its stake 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 worth $138,000 after buying an additional 58 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Huntington Ingalls Industries by 4.9% during the second quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock worth $299,000 after buying an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HII. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research note on Friday. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. JPMorgan Chase & Co. boosted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $318.57.

Insider Buying and Selling

In other news, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 1.5%

Shares of HII opened at $310.03 on Friday. 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. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.71 and a beta of 0.40. The stock has a fifty day moving average of $285.59 and a 200-day moving average of $259.07.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The business had revenue of $3.19 billion during 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 business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 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.