Huntington Ingalls Industries, Inc. $HII Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,854,057 shares of the aerospace company’s stock after selling 37,456 shares during the period. Vanguard Group Inc. owned approximately 12.37% of Huntington Ingalls Industries worth $1,397,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Korea Investment CORP acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $1,604,000. Primoris Wealth Advisors LLC bought a new position in Huntington Ingalls Industries during the third quarter valued at approximately $2,260,000. CWA Asset Management Group LLC raised its position in Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after acquiring an additional 8,384 shares in the last quarter. Markel Group Inc. lifted its stake in Huntington Ingalls Industries by 13.9% in the second quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after acquiring an additional 2,500 shares during the last quarter. Finally, SS&H Financial Advisors Inc. grew its position in Huntington Ingalls Industries by 76.7% in the third quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after acquiring an additional 3,525 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HII shares. TD Cowen raised their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus price target of $370.38.

Huntington Ingalls Industries Stock Performance

HII opened at $437.63 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $167.70 and a 12-month high of $447.74. The firm has a market capitalization of $17.17 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.34. The stock’s 50 day moving average price is $389.25 and its two-hundred day moving average price is $324.26. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

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

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

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.