Steward Partners Investment Advisory LLC Decreases Stake in Huntington Ingalls Industries Inc (NYSE:HII)

Steward Partners Investment Advisory LLC lowered its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,001 shares of the aerospace company’s stock after selling 72 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Huntington Ingalls Industries were worth $1,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HII. Front Row Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 610.5% during the first quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 116 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Huntington Ingalls Industries by 1,260.0% during the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 126 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of Huntington Ingalls Industries by 433.3% during the first quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the first quarter worth $39,000. Finally, NEXT Financial Group Inc raised its holdings in shares of Huntington Ingalls Industries by 52.3% during the second quarter. NEXT Financial Group Inc now owns 492 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 169 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

In other news, VP William R. Ermatinger sold 1,863 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $211.55, for a total value of $394,117.65. Following the sale, the vice president now owns 35,020 shares in the company, valued at $7,408,481. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Nicolas G. Schuck sold 500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $204.46, for a total transaction of $102,230.00. Following the completion of the sale, the vice president now owns 2,640 shares in the company, valued at approximately $539,774.40. The disclosure for this sale can be found here. Insiders sold 4,737 shares of company stock valued at $1,027,724 in the last ninety days. 2.65% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. Buckingham Research reduced their target price on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a report on Thursday. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $245.92.

HII traded down $2.76 on Friday, reaching $209.36. The stock had a trading volume of 205,971 shares, compared to its average volume of 341,688. Huntington Ingalls Industries Inc has a 12-month low of $173.80 and a 12-month high of $262.32. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $225.83. The company has a market cap of $8.70 billion, a P/E ratio of 10.97 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.49). Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $5.40 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries Inc will post 14.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.86 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.64%. Huntington Ingalls Industries’s payout ratio is 18.02%.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Further Reading: What is the return on assets (ROA) ratio?

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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