Huntington Ingalls Industries, Inc. $HII Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 51.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,877 shares of the aerospace company’s stock after selling 25,985 shares during the quarter. Hantz Financial Services Inc.’s holdings in Huntington Ingalls Industries were worth $8,460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd boosted its position in shares of Huntington Ingalls Industries by 14.3% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 800 shares of the aerospace company’s stock worth $272,000 after purchasing an additional 100 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $308,000. Associated Banc Corp acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $224,000. EverSource Wealth Advisors LLC lifted its position in Huntington Ingalls Industries by 78.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the aerospace company’s stock worth $503,000 after acquiring an additional 652 shares during the period. Finally, Evoke Wealth LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $253,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $320.88 on Tuesday. The stock has a market cap of $12.64 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.29. The business has a 50-day simple moving average of $371.67 and a 200-day simple moving average of $372.40. 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 52-week low of $215.04 and a 52-week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (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 analysts’ expectations 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 for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.79 EPS. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.29 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insider Activity

In related news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

HII has been the subject of a number of research reports. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Citigroup lowered their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. TD Cowen lowered their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $388.50.

Huntington Ingalls Industries Company 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.