886 Shares in Huntington Ingalls Industries, Inc. $HII Acquired by Trust Investment Advisors

Trust Investment Advisors purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 886 shares of the aerospace company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently modified their holdings of HII. HM Payson & Co. raised its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC bought a new position in Huntington Ingalls Industries during the first quarter worth about $31,000. Geneos Wealth Management Inc. boosted its position in 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 purchasing an additional 59 shares during the period. Concord Wealth Partners boosted its position in Huntington Ingalls Industries by 570.7% during the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 234 shares during the period. Finally, Allworth Financial LP boosted its position in Huntington Ingalls Industries by 152.0% during the first 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. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HII. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $262.67.

Huntington Ingalls Industries Trading Up 0.5%

Huntington Ingalls Industries stock opened at $301.49 on Tuesday. The stock has a market cap of $11.83 billion, a P/E ratio of 22.57, a PEG ratio of 1.72 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $309.00. The firm’s fifty day moving average price is $278.38 and its 200-day moving average price is $253.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

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, topping the consensus estimate of $3.23 by $0.63. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts forecast 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. Stockholders of record on Friday, November 28th will be issued a $1.38 dividend. 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. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Huntington Ingalls Industries’s payout ratio is currently 40.42%.

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.