Trajan Wealth LLC Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Trajan Wealth LLC lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 893 shares of the aerospace company’s stock after selling 57 shares during the period. Trajan Wealth LLC’s holdings in Huntington Ingalls Industries were worth $220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HII. Capital World Investors lifted its stake in 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 during the last quarter. Van ECK Associates Corp boosted its holdings in shares of 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 valued at $229,607,000 after buying an additional 103,521 shares in the last quarter. Earnest Partners LLC grew its position in shares of Huntington Ingalls Industries by 4.0% in the 1st quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after buying an additional 24,368 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after acquiring an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $3.14 on Wednesday, hitting $280.05. The company’s stock had a trading volume of 210,579 shares, compared to its average volume of 297,299. The company has a quick ratio of 0.89, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $11.04 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The firm has a fifty day moving average price of $260.44 and a 200-day moving average price of $267.77. Huntington Ingalls Industries, Inc. has a 52-week low of $199.11 and a 52-week high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The company also recently announced 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. This represents a $5.20 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, August 30th. Huntington Ingalls Industries’s payout ratio is 29.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on HII. StockNews.com downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Citigroup initiated 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 target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $278.00.

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.