Trust Investment Advisors Takes Position in Huntington Ingalls Industries, Inc. $HII

Trust Investment Advisors bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 886 shares of the aerospace company’s stock, valued at approximately $214,000.

Other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $31,000. HM Payson & Co. grew its stake in shares of Huntington Ingalls Industries by 71.9% in 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 period. Geneos Wealth Management Inc. grew its stake in shares of Huntington Ingalls Industries by 40.1% in 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 period. Concord Wealth Partners grew its stake in shares of Huntington Ingalls Industries by 570.7% in the 2nd quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after buying an additional 234 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Huntington Ingalls Industries by 152.0% in 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 period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Bank of America lifted their price target 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. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. 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. Finally, TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $262.67.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $301.49 on Tuesday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $309.00. The stock’s 50 day moving average price is $278.38 and its 200-day moving average price is $253.14. The company has a market capitalization of $11.83 billion, a PE ratio of 22.57, a PEG ratio of 1.72 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced 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. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $4.38 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 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.