Huntington Ingalls Industries, Inc. $HII Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,002 shares of the aerospace company’s stock after selling 21,453 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Huntington Ingalls Industries worth $25,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HII. SouthState Corp raised its holdings in shares of Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Geneos Wealth Management Inc. grew 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 buying an additional 59 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Huntington Ingalls Industries by 27.3% during the second quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 48 shares during the period. Smithfield Trust Co lifted its holdings in Huntington Ingalls Industries by 134.3% in the second quarter. Smithfield Trust Co now owns 232 shares of the aerospace company’s stock worth $56,000 after acquiring an additional 133 shares during the last quarter. Finally, Concord Wealth Partners lifted its holdings in Huntington Ingalls Industries by 570.7% in the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This trade represents a 18.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,103 shares of company stock valued at $5,477,768 in the last quarter. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $316.39 on Friday. The firm has a market capitalization of $12.42 billion, a PE ratio of 23.68, a P/E/G ratio of 1.71 and a beta of 0.40. 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 firm has a 50-day moving average price of $297.91 and a 200 day moving average price of $267.90. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis 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 38.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target 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. Barclays upped 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 report on Monday, August 4th. TD Cowen boosted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Bank of America lifted their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.