Huntington Ingalls Industries, Inc. $HII Holdings Cut by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 251,710 shares of the aerospace company’s stock after selling 483 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $63,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $1,324,000. GAMMA Investing LLC increased its stake in shares of Huntington Ingalls Industries by 269.0% during the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock worth $492,000 after purchasing an additional 1,759 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $247,000. Ninety One UK Ltd acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $14,924,000. Finally, First Hawaiian Bank increased its stake in shares of Huntington Ingalls Industries by 22.3% during the 1st quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company’s stock worth $1,325,000 after purchasing an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HII shares. Barclays increased their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America raised 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. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, 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. Three research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $264.43.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $275.12 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.56 and a beta of 0.40. The company’s fifty day moving average is $266.75 and its two-hundred day moving average is $236.22. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 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.