Rovin Capital UT ADV Decreases Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Rovin Capital UT ADV cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 11.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,143 shares of the aerospace company’s stock after selling 265 shares during the quarter. Rovin Capital UT ADV’s holdings in Huntington Ingalls Industries were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Earnest Partners LLC increased its stake in shares of Huntington Ingalls Industries by 7.5% during the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock worth $182,443,000 after purchasing an additional 62,190 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Huntington Ingalls Industries by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after acquiring an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Huntington Ingalls Industries by 27.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after acquiring an additional 114,635 shares in the last quarter. Auto Owners Insurance Co boosted its stake in shares of Huntington Ingalls Industries by 273.2% in the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after acquiring an additional 333,308 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Huntington Ingalls Industries by 94.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after purchasing an additional 197,825 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This represents a 16.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $305.41 on Friday. The company has a market cap of $11.98 billion, a P/E ratio of 22.86, a PEG ratio of 1.71 and a beta of 0.40. The firm has a fifty day moving average price of $284.80 and a 200 day moving average price of $258.14. 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 $330.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company posted $2.56 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $1.38 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HII shares. Barclays lifted their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. The Goldman Sachs Group increased their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Finally, Bank of America increased their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $311.33.

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.