Ridgewood Investments LLC Sells 1,411 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• Ridgewood Investments LLC has reduced its stake in Huntington Ingalls Industries by 49.8%, selling 1,411 shares and holding a total of 1,425 shares now valued at $344,000.
• Several institutional investors have modified their holdings, with Canoe Financial LP increasing its stake by 234.9%, now owning 3,433 shares valued at $829,000.
• Bank of America and TD Cowen have differing views on the stock, with Bank of America setting a target price of $260 and TD Cowen raising their target to $300, reflecting a volatile analyst sentiment.

Ridgewood Investments LLC lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 49.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,425 shares of the aerospace company's stock after selling 1,411 shares during the period. Ridgewood Investments LLC's holdings in Huntington Ingalls Industries were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HII. Farmers & Merchants Investments Inc. grew its holdings in shares of Huntington Ingalls Industries by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 9,586 shares of the aerospace company's stock valued at $2,315,000 after purchasing an additional 67 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $369,000. Farther Finance Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 11.3% in the second quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company's stock valued at $138,000 after purchasing an additional 58 shares in the last quarter. Canoe Financial LP grew its holdings in shares of Huntington Ingalls Industries by 234.9% in the second quarter. Canoe Financial LP now owns 3,433 shares of the aerospace company's stock valued at $829,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at $119,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HII shares. Bank of America raised their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Barclays lifted their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, Wall Street Zen lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $264.43.

Huntington Ingalls Industries Stock Up 0.1%

NYSE:HII opened at $274.99 on Monday. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $293.14. The company has a 50-day moving average of $267.08 and a 200 day moving average of $237.53. The firm has a market cap of $10.79 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00.

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 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 analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $4.38 earnings per share. 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. As a group, research analysts anticipate 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 was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

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.

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