Huntington Ingalls Industries, Inc. $HII Holdings Lowered by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,862 shares of the aerospace company’s stock after selling 2,291 shares during the period. Hantz Financial Services Inc.’s holdings in Huntington Ingalls Industries were worth $14,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in HII. Korea Investment CORP bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at $1,604,000. Primoris Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $2,260,000. CWA Asset Management Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 51.2% in the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after buying an additional 8,384 shares during the period. Markel Group Inc. boosted its stake in Huntington Ingalls Industries by 13.9% during the second quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after buying an additional 2,500 shares in the last quarter. Finally, SS&H Financial Advisors Inc. grew its holdings in Huntington Ingalls Industries by 76.7% during the third quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock worth $2,338,000 after acquiring an additional 3,525 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher D. Kastner sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the sale, the chief executive officer directly owned 68,139 shares of the company’s stock, valued at $21,876,707.34. This trade represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 16,637 shares of company stock valued at $5,331,276. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $429.17 on Wednesday. The company’s fifty day moving average is $364.28 and its two-hundred day moving average is $311.56. The company has a market cap of $16.84 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.34. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $436.14. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup raised their target price on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. TD Cowen raised their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $343.63.

Huntington Ingalls Industries 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.