Huntington Ingalls Industries, Inc. $HII Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,153 shares of the aerospace company’s stock after selling 2,637 shares during the period. Hantz Financial Services Inc. owned about 0.14% of Huntington Ingalls Industries worth $12,834,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HM Payson & Co. increased its position in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Huntington Ingalls Industries during the first quarter worth approximately $31,000. Geneos Wealth Management Inc. lifted its stake in Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares during the last quarter. Concord Wealth Partners boosted its holdings in shares of Huntington Ingalls Industries by 570.7% in the second quarter. Concord Wealth Partners now owns 275 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 234 shares during the period. Finally, Allworth Financial LP grew its position in shares of Huntington Ingalls Industries by 152.0% during the first quarter. Allworth Financial LP now owns 320 shares of the aerospace company’s stock worth $71,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Wednesday, August 13th. Zacks Research lowered Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Barclays increased their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $262.67.

Huntington Ingalls Industries Trading Down 0.3%

NYSE HII opened at $298.34 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $11.71 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.71 and a beta of 0.38. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $309.00. The firm has a 50-day moving average price of $279.68 and a 200 day moving average price of $254.41.

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

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $1.38 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 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.