2,506 Shares in Huntington Ingalls Industries, Inc. $HII Purchased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC has acquired 2,506 shares of Huntington Ingalls Industries, valued at approximately $605,000, as part of its new position in the stock during the second quarter.
• The company reported a quarterly earnings of $3.86 EPS, exceeding analysts' expectations, with revenue for the quarter reaching $3.08 billion, compared to an estimate of $2.94 billion.
• Huntington Ingalls Industries has declared a quarterly dividend of $1.35, reflecting an annual yield of 1.9% and a payout ratio of 40.42%.

Sequoia Financial Advisors LLC acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,506 shares of the aerospace company's stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HII. Farther Finance Advisors LLC increased its position in Huntington Ingalls Industries by 12.2% during the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock worth $104,000 after purchasing an additional 56 shares during the last quarter. GAMMA Investing LLC increased its position in Huntington Ingalls Industries by 269.0% during the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after purchasing an additional 1,759 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $247,000. State of Alaska Department of Revenue increased its position in shares of Huntington Ingalls Industries by 123.7% during the first quarter. State of Alaska Department of Revenue now owns 9,983 shares of the aerospace company's stock valued at $2,036,000 after acquiring an additional 5,520 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $273,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 1.0%

NYSE HII opened at $279.91 on Monday. The firm has a 50 day simple moving average of $275.50 and a 200-day simple moving average of $248.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $296.03. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.60 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $4.38 earnings per share. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $1.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries's payout ratio is currently 40.42%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Bank of America lifted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. 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. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and a consensus price target of $262.67.

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.

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