DRW Securities LLC Sells 1,280 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• DRW Securities LLC reduced its stake in Huntington Ingalls Industries by 40%, now holding 1,920 shares valued at $392,000.
• GAMMA Investing LLC increased its holdings in the company by 75,182.7%, owning 492,349 shares valued at over $1 billion.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35 per share, representing an annualized dividend yield of 2.0%.

DRW Securities LLC decreased its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 40.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,920 shares of the aerospace company's stock after selling 1,280 shares during the period. DRW Securities LLC's holdings in Huntington Ingalls Industries were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $31,000. HM Payson & Co. grew 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 buying an additional 64 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.4%

Shares of Huntington Ingalls Industries stock traded up $1.05 during trading hours on Friday, reaching $271.03. 362,653 shares of the company's stock were exchanged, compared to its average volume of 370,099. The company has a 50 day moving average of $262.73 and a two-hundred day moving average of $230.08. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.64 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.55 and a beta of 0.40.

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, 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 company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $4.38 EPS. The company's quarterly revenue was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

Analyst Upgrades and Downgrades

HII has been the subject of several research analyst reports. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. TD Cowen raised shares of 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, Bank of America upped their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and an average target price of $267.00.

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.