Burney Co. Lowers Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Burney Co. cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 45.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,194 shares of the aerospace company’s stock after selling 5,256 shares during the period. Burney Co.’s holdings in Huntington Ingalls Industries were worth $1,496,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Auto Owners Insurance Co raised its position in shares of Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock worth $92,901,000 after buying an additional 333,308 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Huntington Ingalls Industries by 94.0% in the 1st 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 26.0% in the 1st 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 period. Diamond Hill Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock worth $109,108,000 after buying an additional 114,635 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 73.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 252,639 shares of the aerospace company’s stock worth $51,548,000 after buying an additional 107,009 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Down 0.6%

Shares of Huntington Ingalls Industries stock opened at $315.73 on Wednesday. The company has a fifty day moving average price of $283.59 and a 200 day moving average price of $257.47. 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 twelve month low of $158.88 and a twelve month high of $330.00. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data 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 company had revenue of $3.19 billion during 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 firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $1.38 per share. 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 1.7%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries’s payout ratio is 38.12%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HII. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. The Goldman Sachs Group increased their target price 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 cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Barclays upped their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, TD Cowen upped their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average 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.