Jones Financial Companies Lllp Sells 2,309 Shares of Huntington Ingalls Industries, Inc. $HII

Jones Financial Companies Lllp trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,660 shares of the aerospace company’s stock after selling 2,309 shares during the quarter. Jones Financial Companies Lllp’s holdings in Huntington Ingalls Industries were worth $39,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HII. BlackRock Inc. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $944,877,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 85.0% during the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after buying an additional 400,428 shares during the period. Finally, Marshall Wace LLP raised its stake in Huntington Ingalls Industries by 588.1% in the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after buying an additional 300,740 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HII shares. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen lowered their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a research note on Friday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.88.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 13,070 shares of the firm’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 transaction, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.2%

NYSE:HII opened at $294.52 on Tuesday. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.12 and a beta of 0.24. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $296.22 and its 200-day moving average price is $347.30. Huntington Ingalls Industries, Inc. has a 52 week low of $263.62 and a 52 week high of $460.00.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 32.90%.

Huntington Ingalls Industries 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.