Capital Investment Advisors LLC Reduces Position in Huntington Ingalls Industries, Inc. $HII

Capital Investment Advisors LLC cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,514 shares of the aerospace company’s stock after selling 169 shares during the period. Capital Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HII. Auto Owners Insurance Co increased its stake in Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after buying an additional 197,825 shares during the period. Dimensional Fund Advisors LP increased its stake in Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after buying an additional 150,204 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after buying an additional 114,635 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Huntington Ingalls Industries by 57.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 300,705 shares of the aerospace company’s stock worth $61,356,000 after buying an additional 109,185 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on HII shares. Barclays raised 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 note on Monday, August 4th. Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Bank of America raised their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Three equities 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $264.43.

Huntington Ingalls Industries Trading Up 3.0%

NYSE HII opened at $287.83 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40. The company’s 50-day simple moving average is $270.35 and its two-hundred day simple moving average is $241.25. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $4.38 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 40.42%.

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.