Huntington Ingalls Industries, Inc. $HII Position Decreased by AGF Management Ltd.

AGF Management Ltd. trimmed its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,783 shares of the aerospace company’s stock after selling 1,906 shares during the quarter. AGF Management Ltd. owned approximately 0.07% of Huntington Ingalls Industries worth $7,423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. Geneos Wealth Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares in the last quarter. Truist Financial Corp lifted its position in shares of Huntington Ingalls Industries by 1.4% in the second quarter. Truist Financial Corp now owns 10,590 shares of the aerospace company’s stock worth $2,557,000 after buying an additional 147 shares during the last quarter. Hilltop National Bank acquired a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $108,000. QRG Capital Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 22.8% in the second quarter. QRG Capital Management Inc. now owns 3,252 shares of the aerospace company’s stock worth $785,000 after buying an additional 604 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth $394,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Down 0.1%

NYSE:HII opened at $420.22 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $436.14. The company has a market cap of $16.49 billion, a PE ratio of 29.02, a PEG ratio of 1.69 and a beta of 0.34. The stock has a 50-day simple moving average of $362.00 and a 200 day simple moving average of $310.33.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the sale, the chief executive officer directly owned 68,139 shares in the company, valued at $21,876,707.34. This trade represents a 18.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,637 shares of company stock worth $5,331,276. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HII shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note 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. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. TD Cowen boosted their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $343.63.

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.