Symphony Financial Ltd. Co. Sells 1,881 Shares of Huntington Ingalls Industries, Inc. $HII

Symphony Financial Ltd. Co. lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 58.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the aerospace company’s stock after selling 1,881 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Huntington Ingalls Industries were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. raised its holdings in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. SouthState Corp lifted its position in Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Anchor Investment Management LLC boosted its holdings in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, TD Cowen boosted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Trading Down 1.3%

Shares of NYSE:HII opened at $418.62 on Friday. The stock has a 50 day moving average of $348.34 and a 200 day moving average of $302.97. The company has a market cap of $16.43 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $432.00. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.29 by $0.39. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the sale, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

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.