Strs Ohio Trims Stake in Huntington Ingalls Industries, Inc. $HII

Strs Ohio lessened its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 14.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 47,133 shares of the aerospace company’s stock after selling 7,801 shares during the period. Strs Ohio’s holdings in Huntington Ingalls Industries were worth $17,906,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HII. Bayban purchased a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $27,000. NBC Securities Inc. boosted its stake in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 41 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries during the second quarter worth about $25,000. Rakuten Securities Inc. increased its position 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 acquiring an additional 63 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at about $38,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HII has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. TD Cowen cut their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. Finally, Citigroup dropped their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $381.50.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.3%

Shares of HII opened at $290.70 on Friday. The stock has a market capitalization of $11.45 billion, a PE ratio of 18.91, a P/E/G ratio of 1.23 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 1 year low of $246.34 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The company’s 50-day simple moving average is $310.56 and its 200-day simple moving average is $367.87.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.79 earnings per share. Analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

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.