Sequoia Financial Advisors LLC boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) by 54.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,844 shares of the aerospace company’s stock after acquiring an additional 4,510 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,880,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in HII. Bayban bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $27,000. NBC Securities Inc. increased its position 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 last quarter. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $38,000. 90.46% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HII has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen dropped their price target 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. 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 assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Finally, Citigroup lowered their price target 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. Four investment 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.com, the company has an average rating of “Hold” and a consensus target price of $381.50.
Huntington Ingalls Industries Stock Down 0.0%
Shares of HII opened at $286.03 on Monday. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.22 and a beta of 0.25. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a 12 month low of $250.91 and a 12 month high of $460.00. The company has a 50-day moving average price of $303.20 and a two-hundred day moving average price of $366.62.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.79 EPS. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.
Insider Buying and Selling at Huntington Ingalls Industries
In other Huntington Ingalls Industries news, 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 completion of the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
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.
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