Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 84.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,686 shares of the aerospace company’s stock after selling 36,042 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Huntington Ingalls Industries were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth about $26,000. HM Payson & Co. increased its stake in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Raiffeisen Bank International AG bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $36,000. Finally, Grove Bank & Trust acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth approximately $61,000. 90.46% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president directly owned 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director directly owned 17,485 shares of the company’s stock, 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. Insiders sold a total of 5,225 shares of company stock valued at $1,207,207 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays raised their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. 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 report on Thursday, May 15th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $251.38.

Huntington Ingalls Industries Trading Up 7.7%

Shares of HII stock opened at $278.52 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $242.23 and a 200 day simple moving average of $215.51. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The stock has a market capitalization of $10.93 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company posted $4.38 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.90%.

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.