Huntington Ingalls Industries, Inc. $HII Stake Trimmed by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 10.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,158 shares of the aerospace company’s stock after selling 1,756 shares during the quarter. HighTower Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,367,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after purchasing an additional 16,236 shares during the period. Bank of America Corp DE boosted its position in shares of Huntington Ingalls Industries by 4.0% in the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after buying an additional 25,737 shares during the period. Sei Investments Co. boosted its position in shares of Huntington Ingalls Industries by 4.2% in the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock worth $112,337,000 after buying an additional 18,777 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at $93,332,000. Finally, Charles Schwab Investment Management Inc. raised its position in Huntington Ingalls Industries by 1.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock valued at $92,487,000 after buying an additional 6,670 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $446.85 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $17.53 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.79 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $167.70 and a 12-month high of $449.03. The company has a 50 day moving average price of $393.83 and a two-hundred day moving average price of $327.53.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $3.15 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HII shares. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. TD Cowen raised their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Citigroup boosted their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.