Capital Investment Counsel Inc Has $4.96 Million Position in Huntington Ingalls Industries, Inc. $HII

Capital Investment Counsel Inc cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,558 shares of the aerospace company’s stock after selling 405 shares during the quarter. Huntington Ingalls Industries makes up about 0.7% of Capital Investment Counsel Inc’s portfolio, making the stock its 28th largest position. Capital Investment Counsel Inc owned approximately 0.05% of Huntington Ingalls Industries worth $4,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HII. Buttonwood Financial Advisors Inc. acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $253,000. Peddock Capital Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $483,000. Revisor Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth approximately $374,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth $243,000. Finally, Markel Group Inc. grew its position in Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after purchasing an additional 2,500 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. The trade was a 16.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.

Huntington Ingalls Industries Trading Down 1.9%

NYSE:HII opened at $318.07 on Thursday. 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 firm has a market cap of $12.48 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $330.00. The firm has a 50-day moving average price of $288.63 and a two-hundred day moving average price of $261.14.

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. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $1.38 per share. 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%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is 38.12%.

Analyst Ratings Changes

HII has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, TD Cowen upped their price target on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from 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.