Verus Capital Partners LLC Invests $498,000 in Huntington Ingalls Industries, Inc. $HII

Verus Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,062 shares of the aerospace company’s stock, valued at approximately $498,000.

Several other hedge funds have also recently bought and sold shares of the business. SouthState Corp grew its stake in 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 buying an additional 93 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 59 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Huntington Ingalls Industries by 27.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 48 shares in the last quarter. Concord Wealth Partners lifted its holdings 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 in the last quarter. Finally, Allworth Financial LP boosted its position in Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $324.07 on Wednesday. The stock’s 50 day moving average is $287.65 and its two-hundred day moving average is $260.74. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $330.00. The company has a market capitalization of $12.72 billion, a PE ratio of 24.26, 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.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the business posted $2.56 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed 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 is a positive change 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 1.7%. Huntington Ingalls Industries’s payout ratio is currently 38.12%.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. The trade was a 16.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, October 31st. TD Cowen raised their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Company 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.