Ritholtz Wealth Management Cuts Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Ritholtz Wealth Management lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,209 shares of the aerospace company’s stock after selling 649 shares during the period. Ritholtz Wealth Management’s holdings in Huntington Ingalls Industries were worth $451,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Huntington Ingalls Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after acquiring an additional 14,988 shares in the last quarter. Geode Capital Management LLC grew its stake in Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after acquiring an additional 29,670 shares in the last quarter. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock valued at $157,216,000 after acquiring an additional 204,376 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock valued at $109,316,000 after acquiring an additional 77,718 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock valued at $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $233.92 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.48 and a beta of 0.29. The company’s 50-day moving average is $226.15 and its two-hundred day moving average is $202.83. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $3.87 EPS. Huntington Ingalls Industries’s revenue was down 2.5% on a year-over-year basis. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.31%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director now owns 17,485 shares in the company, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HII. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. Barclays upped their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $236.38.

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.