Northern Trust Corp Cuts Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• Northern Trust Corp has reduced its stake in Huntington Ingalls Industries, Inc. by 1.5%, now owning approximately 0.89% of the company valued at $71.3 million.
• Research analysts have varied ratings for Huntington Ingalls Industries, with Zacks Research downgrading it to a "hold" while others upgraded it to "buy" with price targets ranging up to $300.
• The company recently announced a quarterly dividend of $1.35 per share, indicating a 2.0% yield with a payout ratio of 40.42%.

Northern Trust Corp lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,622 shares of the aerospace company's stock after selling 5,230 shares during the quarter. Northern Trust Corp owned about 0.89% of Huntington Ingalls Industries worth $71,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. lifted its position in shares of Huntington Ingalls Industries by 2.4% in the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock valued at $376,000 after buying an additional 44 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Huntington Ingalls Industries by 2.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after buying an additional 51 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Huntington Ingalls Industries by 12.2% in the first quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after buying an additional 56 shares during the last quarter. HM Payson & Co. lifted its position in shares of Huntington Ingalls Industries by 71.9% in 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. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Huntington Ingalls Industries by 8.6% in the first quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HII. The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America lifted 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. Wall Street Zen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Barclays lifted their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of "Hold" and a consensus price target of $267.00.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock traded down $4.77 during trading on Friday, hitting $270.50. The stock had a trading volume of 363,920 shares, compared to its average volume of 624,535. The stock's 50 day moving average is $258.67 and its two-hundred day moving average is $225.70. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results 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 net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $4.38 EPS. The business'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. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.72% 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.