Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,624 shares of the aerospace company’s stock after purchasing an additional 675 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Huntington Ingalls Industries were worth $2,324,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. grew its stake in Huntington Ingalls Industries by 2.4% in the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock valued at $376,000 after buying an additional 44 shares in the last quarter. Pullen Investment Management LLC lifted its position in shares of Huntington Ingalls Industries by 0.3% during the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company’s stock worth $3,833,000 after acquiring an additional 46 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Huntington Ingalls Industries by 27.3% in the second quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 48 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries by 11.3% in the second quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock worth $138,000 after acquiring an additional 58 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Huntington Ingalls Industries by 4.9% in the second quarter. Wealthfront Advisers LLC now owns 1,237 shares of the aerospace company’s stock valued at $299,000 after purchasing an additional 58 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Barclays upped their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. 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. TD Cowen boosted 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 note on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $301.68 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $330.00. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a market cap of $11.84 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The stock has a 50-day moving average price of $293.24 and a 200-day moving average price of $264.24.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the business earned $2.56 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is presently 38.12%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the transaction, the chief executive officer owned 68,139 shares of the company’s stock, valued at $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries 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.