Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Covestor Ltd

Covestor Ltd lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 19.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 493 shares of the aerospace company’s stock after selling 116 shares during the quarter. Covestor Ltd’s holdings in Huntington Ingalls Industries were worth $144,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors lifted its stake in shares of Huntington Ingalls Industries by 0.7% during the fourth quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock worth $600,387,000 after purchasing an additional 15,798 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 15.1% in the 1st quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company’s stock worth $229,607,000 after acquiring an additional 103,521 shares during the period. Dimensional Fund Advisors LP grew its position in Huntington Ingalls Industries by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 478,560 shares of the aerospace company’s stock valued at $124,251,000 after acquiring an additional 9,560 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Huntington Ingalls Industries by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 368,532 shares of the aerospace company’s stock valued at $95,686,000 after purchasing an additional 9,760 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Huntington Ingalls Industries by 17.0% during the fourth quarter. Sei Investments Co. now owns 345,501 shares of the aerospace company’s stock valued at $89,710,000 after purchasing an additional 50,088 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.0 %

Huntington Ingalls Industries stock traded down $0.11 during midday trading on Wednesday, hitting $266.58. The stock had a trading volume of 99,219 shares, compared to its average volume of 300,002. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $251.19 and a 200 day moving average price of $266.19. Huntington Ingalls Industries, Inc. has a 12 month low of $199.11 and a 12 month high of $299.50. The stock has a market cap of $10.51 billion, a P/E ratio of 15.02, a P/E/G ratio of 2.27 and a beta of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.37. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company posted $3.23 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.95%. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Insider Activity

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total value of $384,105.00. Following the transaction, the vice president now owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the sale, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the transaction, the vice president now directly owns 8,135 shares of the company’s stock, valued at $2,083,129.45. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.