Ameritas Advisory Services LLC Trims Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Ameritas Advisory Services LLC reduced its position in Huntington Ingalls Industries by 69%, owning only 4,108 shares after selling 9,155 shares in the second quarter.
• Multiple institutional investors increased their stakes, with Earnest Partners LLC owning 894,155 shares after a 7.5% increase in its holdings.
• Analysts have mixed views on the stock; while Bank of America set a target price of $260, TD Cowen raised theirs to $300, indicating a shift in sentiment.

Ameritas Advisory Services LLC cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 69.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,108 shares of the aerospace company's stock after selling 9,155 shares during the period. Ameritas Advisory Services LLC's holdings in Huntington Ingalls Industries were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Earnest Partners LLC increased its stake in shares of Huntington Ingalls Industries by 7.5% in the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock worth $182,443,000 after purchasing an additional 62,190 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 valued at $148,686,000 after acquiring an additional 150,204 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Huntington Ingalls Industries by 27.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock valued at $109,108,000 after acquiring an additional 114,635 shares in the last quarter. Auto Owners Insurance Co grew its stake in Huntington Ingalls Industries by 273.2% during the first quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock valued at $92,901,000 after acquiring an additional 333,308 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in 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 valued at $83,311,000 after acquiring an additional 197,825 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huntington Ingalls Industries in a research note on Saturday, September 27th. Barclays raised 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. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $284.37 on Friday. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The stock has a market capitalization of $11.16 billion, a P/E ratio of 21.29, a PEG ratio of 1.63 and a beta of 0.38. The firm has a fifty day simple moving average of $271.54 and a two-hundred day simple moving average of $242.85. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.94 billion. During the same period last year, the company posted $4.38 EPS. The business's revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

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.

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