Jones Financial Companies Lllp Sells 2,309 Shares of Huntington Ingalls Industries, Inc. $HII

Jones Financial Companies Lllp lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,660 shares of the aerospace company’s stock after selling 2,309 shares during the quarter. Jones Financial Companies Lllp owned about 0.35% of Huntington Ingalls Industries worth $39,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HII. Algert Global LLC increased its holdings in Huntington Ingalls Industries by 50.1% during the 2nd quarter. Algert Global LLC now owns 60,710 shares of the aerospace company’s stock worth $16,992,000 after purchasing an additional 20,260 shares in the last quarter. Infrastructure Capital Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 19.8% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 2,216 shares of the aerospace company’s stock worth $620,000 after acquiring an additional 366 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Huntington Ingalls Industries by 57.2% during the second quarter. Bank of Nova Scotia now owns 43,978 shares of the aerospace company’s stock valued at $12,309,000 after purchasing an additional 15,995 shares in the last quarter. Compass Financial Management LLC purchased a new position in Huntington Ingalls Industries during the second quarter worth about $280,000. Finally, Gabelli Funds LLC grew its position in Huntington Ingalls Industries by 33.3% in the 2nd quarter. Gabelli Funds LLC now owns 1,036 shares of the aerospace company’s stock worth $290,000 after purchasing an additional 259 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Down 1.2%

NYSE:HII opened at $294.52 on Tuesday. Huntington Ingalls Industries, Inc. has a 1 year low of $263.62 and a 1 year high of $460.00. The stock’s fifty day moving average price is $296.22 and its two-hundred day moving average price is $347.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The company has a market cap of $11.60 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.12 and a beta of 0.24.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.86 EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 32.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HII. Citigroup upped their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company increased their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. TD Cowen lowered their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective on the stock in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $378.88.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’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 transaction, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by insiders.

About Huntington Ingalls Industries

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.