Huntington Ingalls Industries, Inc. $HII Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 952 shares of the aerospace company’s stock after selling 48 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Huntington Ingalls Industries were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. O Keefe Stevens Advisory Inc. lifted its position in shares of Huntington Ingalls Industries by 19.7% during the second quarter. O Keefe Stevens Advisory Inc. now owns 5,718 shares of the aerospace company’s stock worth $1,381,000 after purchasing an additional 941 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Huntington Ingalls Industries by 22.8% in the second quarter. QRG Capital Management Inc. now owns 3,252 shares of the aerospace company’s stock valued at $785,000 after acquiring an additional 604 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Huntington Ingalls Industries by 25.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 375,950 shares of the aerospace company’s stock valued at $90,777,000 after acquiring an additional 75,245 shares in the last quarter. Hilltop National Bank acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $108,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in Huntington Ingalls Industries by 27.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,705 shares of the aerospace company’s stock valued at $653,000 after acquiring an additional 581 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Huntington Ingalls Industries Stock Up 0.8%

Shares of NYSE:HII opened at $284.37 on Friday. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth 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’s fifty day moving average is $271.54 and its two-hundred day moving average is $242.85. 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 earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.63. The company had revenue of $3.08 billion for 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%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $1.35 per share. The ex-dividend date was Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

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.