Huntington Ingalls Industries, Inc. $HII Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,907 shares of the aerospace company’s stock after selling 44,234 shares during the period. Bank of New York Mellon Corp’s holdings in Huntington Ingalls Industries were worth $105,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. raised its position in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares in the last quarter. Bayban bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $27,000. NBC Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

HII stock opened at $269.87 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a market cap of $10.63 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.15 and a beta of 0.25. The firm has a 50 day simple moving average of $297.10 and a 200 day simple moving average of $363.40. Huntington Ingalls Industries, Inc. has a 52 week low of $250.91 and a 52 week high of $460.00.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen lowered their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup cut their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $374.00.

Huntington Ingalls Industries Company 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.