Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,985 shares of the aerospace company’s stock after selling 913 shares during the period. Sanctuary Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,318,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after purchasing an additional 6,253 shares during the last quarter. CWM LLC raised its holdings in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after buying an additional 3,088 shares during the period. Old North State Wealth Management LLC lifted its stake in Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $47,698,000. Finally, Citigroup Inc. increased its position in shares of Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock worth $21,878,000 after acquiring an additional 2,847 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $190.45 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.45 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a 50 day moving average price of $212.55 and a two-hundred day moving average price of $243.76.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.70 EPS. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.84%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HII has been the subject of several research analyst reports. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Company 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.