Huntington Ingalls Industries, Inc. $HII Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its stake in Huntington Ingalls Industries by 55.1% in the first quarter, leaving it with 4,031 shares valued at approximately $822,000.
• Several institutional investors, including Northern Trust Corp and Comerica Bank, have increased their stakes in Huntington Ingalls Industries during the previous quarter, indicating overall interest in the stock.
• Huntington Ingalls Industries announced a quarterly dividend of $1.35 per share, with a dividend yield of 2.0%, reflecting a commitment to returning value to shareholders.

Kestra Advisory Services LLC decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 55.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,031 shares of the aerospace company's stock after selling 4,943 shares during the quarter. Kestra Advisory Services LLC's holdings in Huntington Ingalls Industries were worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries during the first quarter valued at approximately $26,000. HM Payson & Co. raised its position in shares of Huntington Ingalls Industries by 71.9% during the first 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 last quarter. Park Square Financial Group LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries in the fourth quarter worth $36,000. Finally, Grove Bank & Trust purchased a new position in Huntington Ingalls Industries during the first quarter worth $61,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HII. Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Bank of America boosted their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. Finally, Barclays upped their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and a consensus target price of $267.00.

Huntington Ingalls Industries Stock Up 0.4%

HII stock traded up $1.05 during trading on Friday, hitting $271.03. 362,653 shares of the company's stock were exchanged, compared to its average volume of 619,538. The business has a 50-day moving average price of $262.09 and a two-hundred day moving average price of $229.39. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.54 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-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.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

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.