Calamos Wealth Management LLC Sells 914 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Calamos Wealth Management LLC reduced its stake in Huntington Ingalls Industries by 15.2%, selling 914 shares and now holding 5,086 shares valued at approximately $1.23 million.
• Research firms have varied ratings on Huntington Ingalls Industries, with three analysts giving a Buy rating, while others hold a consensus rating of "Hold" and an average target price of $262.67.
• The recent earnings report showed an EPS of $3.86, exceeding analysts' expectations, alongside a revenue of $3.08 billion, an increase of 3.5% from the previous year.

Calamos Wealth Management LLC decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,086 shares of the aerospace company's stock after selling 914 shares during the quarter. Calamos Wealth Management LLC's holdings in Huntington Ingalls Industries were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in HII. Farther Finance Advisors LLC raised its stake in shares of Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after purchasing an additional 56 shares during the period. GAMMA Investing LLC boosted its stake in Huntington Ingalls Industries by 269.0% in the 1st 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 period. Sowell Financial Services LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $247,000. State of Alaska Department of Revenue lifted its holdings in shares of Huntington Ingalls Industries by 123.7% in the first quarter. State of Alaska Department of Revenue now owns 9,983 shares of the aerospace company's stock worth $2,036,000 after buying an additional 5,520 shares in the last quarter. Finally, Johnson Investment Counsel Inc. bought a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $273,000. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HII. 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. Bank of America increased their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Zacks Research cut Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Barclays lifted their price target on 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. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $262.67.

Huntington Ingalls Industries Stock Down 1.0%

HII opened at $279.91 on Monday. The business's fifty day simple moving average is $275.50 and its 200 day simple moving average is $248.91. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $296.03. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.98 billion, a PE ratio of 20.95, a P/E/G 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio 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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