HB Wealth Management LLC Has $217,000 Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

HB Wealth Management LLC cut its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 26.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,063 shares of the aerospace company’s stock after selling 378 shares during the period. HB Wealth Management LLC’s holdings in Huntington Ingalls Industries were worth $217,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth about $31,000. HM Payson & Co. raised its holdings in shares of Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $36,000. Finally, Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth about $61,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HII. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Barclays boosted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $251.38.

Insider Buying and Selling

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company’s stock in a transaction 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 transaction, the director owned 17,485 shares of the company’s stock, valued at $4,066,661.30. This represents a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,225 shares of company stock worth $1,207,207. Insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $269.26 on Monday. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $293.14. The company has a 50-day simple moving average of $243.11 and a 200 day simple moving average of $216.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The company has a market capitalization of $10.57 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.66 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $4.38 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 40.42%.

About Huntington Ingalls Industries

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.