Atria Wealth Solutions Inc. Takes Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Atria Wealth Solutions Inc. has invested approximately $219,000 in 1,071 shares of Huntington Ingalls Industries, reflecting a growing interest in the aerospace company.
• Insider transactions include VP Chad N. Boudreaux selling 1,965 shares for roughly $449,867, indicating a decrease in staking among company executives.
• Huntington Ingalls Industries recently announced a quarterly dividend of $1.35 per share, resulting in a yield of 2.0% for shareholders, which reflects the company's continued financial health.

Atria Wealth Solutions Inc. acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,071 shares of the aerospace company's stock, valued at approximately $219,000.

Several other large investors have also modified their holdings of the business. Patriot Financial Group Insurance Agency LLC increased its holdings in Huntington Ingalls Industries by 2.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after purchasing an additional 51 shares during the period. Farther Finance Advisors LLC increased its holdings in Huntington Ingalls Industries by 12.2% during the 1st 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 period. HM Payson & Co. increased its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Huntington Ingalls Industries by 8.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 65 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Huntington Ingalls Industries by 21.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock valued at $78,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded up $0.25 during mid-day trading on Thursday, reaching $267.34. 8,323 shares of the company were exchanged, compared to its average volume of 631,904. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $293.14. The firm's 50-day simple moving average is $253.94 and its two-hundred day simple moving average is $221.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a market cap of $10.49 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.33.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Bank of America increased their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research note on Thursday, May 15th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $267.00.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Company 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.