RFG Advisory LLC Sells 2,827 Shares of Huntington Ingalls Industries, Inc. $HII

RFG Advisory LLC cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 79.5% during the 2nd quarter, Holdings Channel reports. The fund owned 728 shares of the aerospace company’s stock after selling 2,827 shares during the period. RFG Advisory LLC’s holdings in Huntington Ingalls Industries were worth $204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayban bought a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $36,000. Motiv8 Investments LLC acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $38,000. Elyxium Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $42,000. Finally, MV Capital Management Inc. bought a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $44,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a report on Friday, July 31st. Citigroup upped their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company lifted their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $368.88.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $279.61 on Wednesday. The business’s 50 day simple moving average is $296.91 and its 200 day simple moving average is $332.76. Huntington Ingalls Industries, Inc. has a 12 month low of $263.62 and a 12 month high of $460.00. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.05 and a beta of 0.23. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $3.86 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Insider Transactions at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.