Concord Wealth Partners Purchases 234 Shares of Huntington Ingalls Industries, Inc. $HII

Concord Wealth Partners boosted its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 570.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275 shares of the aerospace company’s stock after buying an additional 234 shares during the quarter. Concord Wealth Partners’ holdings in Huntington Ingalls Industries were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. HM Payson & Co. raised its holdings in Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 buying an additional 59 shares during the last quarter. Grove Bank & Trust bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $61,000. Finally, Allworth Financial LP raised its holdings in Huntington Ingalls Industries by 152.0% during the 1st quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock valued at $71,000 after buying an additional 193 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Up 1.7%

Shares of NYSE HII opened at $287.75 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. The firm has a market capitalization of $11.29 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.62 and a beta of 0.38. The firm has a fifty day simple moving average of $274.08 and a two-hundred day simple moving average of $246.61.

Huntington Ingalls Industries (NYSE:HII) last issued 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 during 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%. Huntington Ingalls Industries’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 40.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HII. 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. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $262.67.

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.