Huntington Ingalls Industries, Inc. $HII Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 27.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,705 shares of the aerospace company’s stock after buying an additional 581 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Huntington Ingalls Industries were worth $653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Naples Global Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 1.1% in the 2nd quarter. Naples Global Advisors LLC now owns 9,772 shares of the aerospace company’s stock valued at $2,359,000 after purchasing an additional 109 shares during the last quarter. Forza Wealth Management LLC grew its stake in shares of Huntington Ingalls Industries by 30.0% in the 2nd quarter. Forza Wealth Management LLC now owns 2,971 shares of the aerospace company’s stock valued at $717,000 after purchasing an additional 685 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $233,000. LBP AM SA purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $8,461,000. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $724,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HII has been the topic of several analyst reports. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Bank of America lifted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Saturday, September 27th. Finally, Barclays lifted their price target on 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $264.43.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $284.37 on Friday. The stock has a fifty day moving average price of $271.54 and a 200 day moving average price of $242.85. The stock has a market cap of $11.16 billion, a PE ratio of 21.29, a P/E/G ratio of 1.63 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. 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 (NYSE:HII) last issued its quarterly earnings data 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 firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued 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 yield of 1.9%. Huntington Ingalls Industries’s payout ratio is currently 40.42%.

Huntington Ingalls Industries Company 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.