LSV Asset Management Sells 32,022 Shares of Huntington Ingalls Industries, Inc. $HII

LSV Asset Management reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 457,394 shares of the aerospace company’s stock after selling 32,022 shares during the quarter. LSV Asset Management’s holdings in Huntington Ingalls Industries were worth $131,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the period. SouthState Corp boosted 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 acquiring an additional 93 shares during the last quarter. Anchor Investment Management LLC grew its holdings in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 100 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of 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 acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $406.55 on Friday. The business’s fifty day moving average is $376.30 and its 200 day moving average is $317.55. Huntington Ingalls Industries, Inc. has a 12-month low of $159.41 and a 12-month high of $436.14. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock has a market cap of $15.95 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.65 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share 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 net margin of 4.85% and a return on equity of 12.28%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.15 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

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

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction 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 represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were 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 directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

HII has been the topic of several research analyst reports. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $300.00 to $400.00 in a 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. JPMorgan Chase & Co. increased their target price 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. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $370.38.

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.