Copeland Capital Management LLC Sells 80,891 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Copeland Capital Management LLC sold 80,891 shares of Huntington Ingalls Industries, reducing its holdings by 99.1% to just 701 shares, valued at $169,000.
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and a target price averaging $264.43, following rating changes from institutions including Bank of America and TD Cowen.
• Huntington Ingalls reported a 3.5% increase in revenue year-over-year for the last quarter, with earnings per share of $3.86, exceeding analysts' expectations.

Copeland Capital Management LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 99.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 701 shares of the aerospace company's stock after selling 80,891 shares during the period. Copeland Capital Management LLC's holdings in Huntington Ingalls Industries were worth $169,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Earnest Partners LLC increased its position in Huntington Ingalls Industries by 7.5% during the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock worth $182,443,000 after buying an additional 62,190 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Huntington Ingalls Industries by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after purchasing an additional 150,204 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 27.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after purchasing an additional 114,635 shares in the last quarter. Auto Owners Insurance Co grew its holdings in shares of Huntington Ingalls Industries by 273.2% during the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after purchasing an additional 333,308 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 94.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company's stock worth $83,311,000 after purchasing an additional 197,825 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HII has been the topic of several analyst reports. Bank of America increased their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Huntington Ingalls Industries in a research note on Saturday, September 27th. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price objective for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and an average price target of $264.43.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $284.37 on Friday. 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 52-week low of $158.88 and a 52-week high of $293.14. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.62 and a beta of 0.38. The business's fifty day moving average is $271.54 and its 200 day moving average is $242.60.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $4.38 EPS. The firm'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. Research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

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.

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