Oppenheimer Asset Management Inc. Reduces Position in Huntington Ingalls Industries, Inc. $HII

Oppenheimer Asset Management Inc. trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 62.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,242 shares of the aerospace company’s stock after selling 18,707 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $3,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the last quarter. Blair William & Co. IL bought a new position in Huntington Ingalls Industries during the second quarter valued at approximately $330,000. Callan Family Office LLC purchased a new stake in Huntington Ingalls Industries in the second quarter worth approximately $416,000. IFP Advisors Inc grew its position in Huntington Ingalls Industries by 5.3% in the 2nd quarter. IFP Advisors Inc now owns 2,153 shares of the aerospace company’s stock worth $574,000 after purchasing an additional 108 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $255,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $393.26 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The stock has a 50-day simple moving average of $374.49 and a two-hundred day simple moving average of $316.93. The firm has a market capitalization of $15.43 billion, a PE ratio of 25.59, a P/E/G ratio of 1.68 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 52-week low of $159.41 and a 52-week high of $436.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.15 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.4%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the sale, the vice president owned 8,731 shares of the company’s stock, valued at $2,754,106.64. The trade was a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HII shares. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen raised their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Five 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $352.88.

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.