Global Retirement Partners LLC Acquires New Shares in Huntington Ingalls Industries, Inc. $HII

Global Retirement Partners LLC bought a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,833 shares of the aerospace company’s stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HII. Geode Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after purchasing an additional 16,236 shares during the last quarter. Earnest Partners LLC boosted its position in Huntington Ingalls Industries by 7.5% in the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock valued at $182,443,000 after buying an additional 62,190 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $148,686,000 after buying an additional 150,204 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings 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 buying an additional 197,825 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 1.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock valued at $92,487,000 after acquiring an additional 6,670 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. TD Cowen boosted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Bank of America raised their price objective 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. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. upped 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, November 3rd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $318.57.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the sale, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of Huntington Ingalls Industries 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 completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,103 shares of company stock worth $5,477,768. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $316.39 on Friday. The stock’s 50 day moving average is $297.91 and its 200 day moving average is $267.90. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $330.00. The firm has a market cap of $12.42 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.71 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $1.38 dividend. The ex-dividend date is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

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.