QRG Capital Management Inc. Sells 2,410 Shares of Huntington Ingalls Industries, Inc. $HII

QRG Capital Management Inc. trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 74.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 842 shares of the aerospace company’s stock after selling 2,410 shares during the quarter. QRG Capital Management Inc.’s holdings in Huntington Ingalls Industries were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HII. Evergreen Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 3.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 38 shares during the last quarter. Ritholtz Wealth Management bought a new position in Huntington Ingalls Industries in the third quarter valued at about $362,000. Nwam LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth about $5,187,000. Versant Capital Management Inc raised its stake in Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Huntington Ingalls Industries in the third quarter worth about $231,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Christopher D. Kastner sold 15,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the transaction, the vice president directly owned 20,441 shares in the company, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 17,103 shares of company stock worth $5,477,768. Corporate insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $418.62 on Friday. The company has a fifty day moving average price of $348.34 and a 200-day moving average price of $302.97. The company has a market capitalization of $16.43 billion, a P/E ratio of 28.91, a PEG ratio of 1.69 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $432.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. Huntington Ingalls Industries’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Analyst Upgrades and Downgrades

HII has been the topic of several research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Citigroup upped their price target on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.