Sanctuary Advisors LLC Has $4.10 Million Stock Position in Huntington Ingalls Industries, Inc. $HII

Sanctuary Advisors LLC lowered its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 42.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,641 shares of the aerospace company’s stock after selling 10,850 shares during the quarter. Sanctuary Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,098,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HII. BlackRock Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter worth about $944,877,000. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 32.1% in the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock valued at $379,098,000 after purchasing an additional 56,618 shares during the last quarter. Finally, AQR Capital Management LLC grew its position 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 worth $369,186,000 after buying an additional 498,690 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII opened at $291.31 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a 12 month low of $263.62 and a 12 month high of $460.00. The company has a fifty day simple moving average of $296.07 and a 200 day simple moving average of $346.44. The stock has a market cap of $11.48 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.11 and a beta of 0.24.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is 32.90%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HII shares. Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday. Citigroup lifted 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. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research report on Friday, July 31st. TD Cowen dropped their target price on shares of 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. Finally, Weiss Ratings downgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Five 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, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus price target of $368.88.

Insider Buying and Selling

In other news, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at $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. Corporate insiders own 0.80% 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.