Private Advisor Group LLC Lowers Holdings in Huntington Ingalls Industries, Inc. $HII

Private Advisor Group LLC decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,021 shares of the aerospace company’s stock after selling 3,205 shares during the quarter. Private Advisor Group LLC’s holdings in Huntington Ingalls Industries were worth $2,287,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. increased its position in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Bayban acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $27,000. NBC Securities Inc. raised its holdings in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, May 28th. The stock was 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 approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target for the company. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup reduced their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, TD Cowen lowered their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $381.50.

Huntington Ingalls Industries Stock Down 0.1%

Shares of NYSE HII opened at $286.03 on Friday. Huntington Ingalls Industries, Inc. has a 1 year low of $250.91 and a 1 year high of $460.00. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.22 and a beta of 0.25. 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 stock’s 50-day simple moving average is $303.20 and its 200-day simple moving average is $366.53.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the company posted $3.79 EPS. Huntington Ingalls Industries’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis 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%.

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.