Vise Technologies Inc. Invests $593,000 in Huntington Ingalls Industries, Inc. $HII

Vise Technologies Inc. purchased a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,457 shares of the aerospace company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SouthState Corp lifted its position in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Huntington Ingalls Industries by 40.1% during the first 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 last quarter. Parkside Financial Bank & Trust lifted its holdings in Huntington Ingalls Industries by 27.3% in the second quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock valued at $54,000 after buying an additional 48 shares during the period. Concord Wealth Partners boosted its stake in Huntington Ingalls Industries by 570.7% in the second 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 last quarter. Finally, Allworth Financial LP grew its holdings 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 acquiring an additional 193 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction dated 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 directly owned 2,418 shares in the company, valued at $760,122.48. This represents a 16.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction dated 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 directly owned 68,139 shares in the company, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $313.46 on Friday. 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 market cap of $12.30 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The stock’s 50-day moving average is $290.33 and its 200-day moving average is $262.09. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s payout ratio is presently 38.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HII. The Goldman Sachs Group increased their price target 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. JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Bank of America raised their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Finally, Barclays lifted their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $318.57.

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.