Wealth Quarterback LLC Invests $432,000 in Huntington Ingalls Industries, Inc. $HII

Wealth Quarterback LLC acquired a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,787 shares of the aerospace company’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of Huntington Ingalls Industries by 20.7% in the first quarter. Envestnet Asset Management Inc. now owns 92,696 shares of the aerospace company’s stock valued at $18,914,000 after purchasing an additional 15,892 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Huntington Ingalls Industries by 5.2% during the first quarter. Nisa Investment Advisors LLC now owns 5,764 shares of the aerospace company’s stock valued at $1,176,000 after acquiring an additional 286 shares during the period. Allworth Financial LP grew its position in shares of Huntington Ingalls Industries by 152.0% in the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 193 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $410,000. Finally, Signaturefd LLC increased its stake in shares of Huntington Ingalls Industries by 91.7% in the first quarter. Signaturefd LLC now owns 1,196 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 572 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $324.07 on Wednesday. The stock has a 50-day simple moving average of $287.65 and a 200 day simple moving average of $260.74. The stock has a market capitalization of $12.72 billion, a price-to-earnings 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, Inc. has a 12-month low of $158.88 and a 12-month 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 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.38 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s payout ratio is 38.12%.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction dated 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 owned 2,418 shares in the company, valued at $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 available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HII. JPMorgan Chase & Co. lifted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. TD Cowen upped their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays boosted their price objective on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, Bank of America upped their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.