Carnegie Investment Counsel Sells 1,979 Shares of Huntington Ingalls Industries, Inc. $HII

Carnegie Investment Counsel decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,808 shares of the aerospace company’s stock after selling 1,979 shares during the period. Carnegie Investment Counsel owned 0.13% of Huntington Ingalls Industries worth $12,751,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HII. HM Payson & Co. raised its position in 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 purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth about $31,000. Geneos Wealth Management Inc. raised its position in Huntington Ingalls Industries by 40.1% in the 1st 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 raised its position in Huntington Ingalls Industries by 570.7% in the 2nd 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 raised its position in Huntington Ingalls Industries by 152.0% in the 1st 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 research firms recently weighed in on HII. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. 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. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Barclays boosted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $262.67.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $290.03 on Friday. 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’s 50 day moving average price is $277.02 and its 200-day moving average price is $250.85. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $296.03. The company has a market cap of $11.38 billion, a PE ratio of 21.71, a P/E/G ratio of 1.62 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) 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 firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm earned $4.38 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid 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 dividend yield of 1.9%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s 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.