Huntington Ingalls Industries, Inc. $HII Holdings Trimmed by Northcape Wealth Management LLC

Northcape Wealth Management LLC trimmed its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,358 shares of the aerospace company’s stock after selling 3,153 shares during the period. Huntington Ingalls Industries accounts for 1.2% of Northcape Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Northcape Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $3,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its stake in shares of Huntington Ingalls Industries by 6.3% during the 1st quarter. DAVENPORT & Co LLC now owns 2,872 shares of the aerospace company’s stock valued at $586,000 after buying an additional 169 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $1,324,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Huntington Ingalls Industries by 6.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,560 shares of the aerospace company’s stock valued at $726,000 after buying an additional 200 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 17.6% during the 1st quarter. Principal Financial Group Inc. now owns 159,660 shares of the aerospace company’s stock valued at $32,577,000 after buying an additional 23,883 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Huntington Ingalls Industries by 8.6% during the 1st quarter. D.A. Davidson & CO. now owns 5,071 shares of the aerospace company’s stock valued at $1,035,000 after buying an additional 403 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HII shares. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. Barclays lifted their target price on shares of 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. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday. Three equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $311.33.

Huntington Ingalls Industries Stock Down 1.6%

HII stock opened at $316.98 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 1 year low of $158.88 and a 1 year high of $330.00. The company has a fifty day simple moving average of $282.71 and a 200 day simple moving average of $256.79. The firm has a market cap of $12.44 billion, a PE ratio of 23.73, a PEG ratio of 1.71 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the business earned $2.56 EPS. Huntington Ingalls Industries’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 anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

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

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.