Maven Securities LTD Sells 2,152 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Maven Securities LTD has significantly reduced its position in Huntington Ingalls Industries by 58.5%, now holding only 1,524 shares valued at approximately $311,000.
• Several analysts have updated their price targets for Huntington Ingalls Industries, with Barclays raising it from $235.00 to $295.00 and TD Cowen increasing it from $250.00 to $300.00, reflecting a generally positive outlook.
• The company recently announced a quarterly dividend of $1.35, which will be paid on September 12th, representing a 2.0% dividend yield.

Maven Securities LTD lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 58.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,524 shares of the aerospace company's stock after selling 2,152 shares during the period. Maven Securities LTD's holdings in Huntington Ingalls Industries were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. Brooklyn Investment Group increased its holdings in shares of Huntington Ingalls Industries by 99.0% in the 1st quarter. Brooklyn Investment Group now owns 593 shares of the aerospace company's stock worth $121,000 after buying an additional 295 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $156,000. Penn Mutual Asset Management bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $612,000. Raymond James Financial Inc. increased its holdings in shares of Huntington Ingalls Industries by 19.6% in the 1st quarter. Raymond James Financial Inc. now owns 176,498 shares of the aerospace company's stock worth $36,013,000 after buying an additional 28,956 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Huntington Ingalls Industries by 0.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 14,288 shares of the aerospace company's stock worth $2,915,000 after buying an additional 107 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Finally, Bank of America lifted 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 report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $267.00.

Huntington Ingalls Industries Trading Up 0.3%

Huntington Ingalls Industries stock traded up $0.79 during trading hours on Tuesday, reaching $271.51. The stock had a trading volume of 108,795 shares, compared to its average volume of 626,619. The stock has a market cap of $10.65 billion, a PE ratio of 20.32, a PEG ratio of 1.55 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The company has a fifty day simple moving average of $256.25 and a 200-day simple moving average of $224.28.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company's revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given 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%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.86% of the company's stock.

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.