Financial Advocates Investment Management Has $430,000 Holdings in Huntington Ingalls Industries, Inc. $HII

Financial Advocates Investment Management increased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 48.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,781 shares of the aerospace company’s stock after acquiring an additional 578 shares during the quarter. Financial Advocates Investment Management’s holdings in Huntington Ingalls Industries were worth $430,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HII. SouthState Corp grew its position in shares of Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake 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 buying an additional 59 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 valued at $54,000 after buying an additional 48 shares during the period. Smithfield Trust Co grew its position in Huntington Ingalls Industries by 134.3% during the second quarter. Smithfield Trust Co now owns 232 shares of the aerospace company’s stock worth $56,000 after buying an additional 133 shares in the last quarter. Finally, Concord Wealth Partners increased its stake in Huntington Ingalls Industries by 570.7% during the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock worth $66,000 after acquiring an additional 234 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the sale, the vice president owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were 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 disclosure for this sale is available in the SEC filing. Insiders have sold 16,316 shares of company stock worth $5,230,516 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. TD Cowen upped their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus target price of $318.57.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $314.64 on Friday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $330.00. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $297.08 and its 200 day simple moving average is $267.01. The firm has a market capitalization of $12.35 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the firm earned $2.56 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $1.38 dividend. This is an increase 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 1.8%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.12%.

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.