TriaGen Wealth Management LLC Takes Position in Huntington Ingalls Industries, Inc. $HII

TriaGen Wealth Management LLC bought a new position in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,847 shares of the aerospace company’s stock, valued at approximately $446,000.

A number of other large investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. increased its stake in shares of Huntington Ingalls Industries by 2.4% in the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock worth $376,000 after buying an additional 44 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company’s stock valued at $433,000 after buying an additional 51 shares during the period. Farther Finance Advisors LLC grew its holdings in Huntington Ingalls Industries by 12.2% in the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 56 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the period. Finally, Bangor Savings Bank raised its stake in shares of Huntington Ingalls Industries by 1.7% during the second quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company’s stock valued at $874,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the topic of several recent analyst reports. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $264.43.

Huntington Ingalls Industries Trading Up 1.5%

NYSE HII opened at $288.59 on Tuesday. The firm has a market capitalization of $11.32 billion, a PE ratio of 21.60, a P/E/G ratio of 1.63 and a beta of 0.38. The stock’s 50 day moving average is $272.06 and its 200 day moving average is $243.75. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. 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 (NYSE:HII) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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