Kestra Advisory Services LLC Has $7.32 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Kestra Advisory Services LLC raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 19,278 shares of the aerospace company’s stock after buying an additional 2,183 shares during the period. Kestra Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $7,324,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayban bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $27,000. NBC Securities Inc. boosted its holdings in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries in the second quarter worth about $25,000. Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $38,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HII shares. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target for the company. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. TD Cowen reduced their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Citigroup decreased their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $374.00.

Huntington Ingalls Industries Trading Down 1.7%

NYSE:HII opened at $280.02 on Wednesday. Huntington Ingalls Industries, Inc. has a fifty-two week low of $250.91 and a fifty-two week high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The stock has a market capitalization of $11.03 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25. The business’s 50-day simple moving average is $300.69 and its 200-day simple moving average is $365.58.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business earned $3.79 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.

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.