Capital Investment Counsel Inc Sells 245 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Capital Investment Counsel Inc decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,694 shares of the aerospace company’s stock after selling 245 shares during the quarter. Capital Investment Counsel Inc’s holdings in Huntington Ingalls Industries were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at about $26,000. American National Bank purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $30,000. Riverview Trust Co purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth $30,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $31,000. Finally, Larson Financial Group LLC raised its position in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the topic of a number of research reports. StockNews.com downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup began coverage on shares of Huntington Ingalls Industries in a research note on Monday, May 20th. They set a “buy” rating and a $310.00 price objective for the company. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $278.00.

Huntington Ingalls Industries Trading Up 1.6 %

Huntington Ingalls Industries stock traded up $4.33 during midday trading on Tuesday, hitting $275.23. 301,626 shares of the stock were exchanged, compared to its average volume of 301,660. The company has a current ratio of 0.82, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.28 and a beta of 0.53. The stock’s 50-day simple moving average is $257.21 and its 200 day simple moving average is $267.64. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm earned $3.27 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.89%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Huntington Ingalls Industries Profile

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.