Huntington Ingalls Industries, Inc. $HII Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,021 shares of the aerospace company’s stock after selling 3,205 shares during the period. Private Advisor Group LLC’s holdings in Huntington Ingalls Industries were worth $2,287,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth $11,466,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth about $204,000. Patten Group Inc. purchased a new position in Huntington Ingalls Industries during the first quarter worth about $212,000. Keybank National Association OH lifted its position in Huntington Ingalls Industries by 38.7% in the first quarter. Keybank National Association OH now owns 1,171 shares of the aerospace company’s stock valued at $445,000 after purchasing an additional 327 shares during the period. Finally, Root Financial Partners LLC lifted its position in Huntington Ingalls Industries by 76.7% in the first quarter. Root Financial Partners LLC now owns 258 shares of the aerospace company’s stock valued at $98,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.1%

HII opened at $286.03 on Friday. The firm has a market cap of $11.27 billion, a P/E ratio of 18.61, a PEG ratio of 1.22 and a beta of 0.25. The business’s fifty day simple moving average is $303.20 and its 200 day simple moving average is $366.53. Huntington Ingalls Industries, Inc. has a 52 week low of $250.91 and a 52 week high of $460.00. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.79 EPS. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen cut their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target on the stock. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup reduced their target price on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $381.50.

About Huntington Ingalls Industries

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.