Nisa Investment Advisors LLC Cuts Holdings in Huntington Ingalls Industries, Inc. $HII

Nisa Investment Advisors LLC reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,618 shares of the aerospace company’s stock after selling 146 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. grew its holdings in Huntington Ingalls Industries by 71.9% in the first 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 last quarter. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries in the first quarter worth $31,000. Geneos Wealth Management Inc. grew its holdings in Huntington Ingalls Industries by 40.1% in 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 last quarter. Concord Wealth Partners grew its holdings in Huntington Ingalls Industries by 570.7% in 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 last quarter. Finally, Allworth Financial LP grew its holdings in Huntington Ingalls Industries by 152.0% in 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 last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen increased 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. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America boosted their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $305.20.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $321.94 on Friday. The firm has a market capitalization of $12.63 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. The company’s fifty day moving average price is $281.77 and its 200-day moving average price is $255.56. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $330.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII) last posted 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $1.38 per share. 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 yield of 1.7%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s payout ratio is presently 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.