Huntington Ingalls Industries, Inc. $HII Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 572 shares of the aerospace company’s stock after acquiring an additional 58 shares during the period. Farther Finance Advisors LLC’s holdings in Huntington Ingalls Industries were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. William B. Walkup & Associates Inc. lifted its position in shares of Huntington Ingalls Industries by 2.4% during the 1st quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company’s stock valued at $376,000 after acquiring an additional 44 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company’s stock valued at $433,000 after acquiring an additional 51 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the period. Bangor Savings Bank lifted its position in shares of Huntington Ingalls Industries by 1.7% during the 2nd quarter. Bangor Savings Bank now owns 3,620 shares of the aerospace company’s stock valued at $874,000 after acquiring an additional 60 shares during the period. Finally, HM Payson & Co. raised its position in shares of Huntington Ingalls Industries by 71.9% during 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 last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Bank of America lifted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Barclays lifted their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Down 1.4%

HII stock opened at $282.10 on Friday. The stock has a market capitalization of $11.07 billion, a P/E ratio of 21.12, a PEG ratio of 1.64 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The company has a 50 day moving average price of $271.14 and a two-hundred day moving average price of $242.08.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. Huntington Ingalls Industries’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio 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.