S&T Bank PA Sells 1,129 Shares of Huntington Ingalls Industries, Inc. $HII

S&T Bank PA cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,164 shares of the aerospace company’s stock after selling 1,129 shares during the quarter. Huntington Ingalls Industries makes up approximately 1.6% of S&T Bank PA’s portfolio, making the stock its 25th largest holding. S&T Bank PA owned 0.06% of Huntington Ingalls Industries worth $5,352,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SouthState Corp lifted its stake in shares of Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after buying an additional 93 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares during the period. Concord Wealth Partners grew its position in shares of Huntington Ingalls Industries by 570.7% in the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 234 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of 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 purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.4%

HII opened at $305.41 on Friday. The stock has a market cap of $11.98 billion, a PE ratio of 22.86, a PEG ratio of 1.71 and a beta of 0.40. The business has a 50 day moving average of $284.80 and a 200-day moving average of $258.14. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $330.00. 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, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research 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 business 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. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s payout ratio is presently 38.12%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays lifted their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Bank of America upped 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 equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $311.33.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the transaction, the chief accounting officer owned 2,418 shares in the company, valued at $760,122.48. The trade was a 16.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.