Huntington Ingalls Industries, Inc. $HII Shares Sold by RFG Advisory LLC

RFG Advisory LLC lowered its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,555 shares of the aerospace company’s stock after selling 1,861 shares during the period. RFG Advisory LLC’s holdings in Huntington Ingalls Industries were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NBC Securities Inc. increased its position in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its stake in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $38,000. Finally, Community Bank N.A. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.8%

HII stock opened at $281.28 on Friday. The business’s 50 day simple moving average is $320.78 and its 200 day simple moving average is $369.20. Huntington Ingalls Industries, Inc. has a 1-year low of $236.65 and a 1-year high of $460.00. The firm has a market capitalization of $11.08 billion, a PE ratio of 18.30, a PEG ratio of 1.19 and a beta of 0.23. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.79 earnings per share. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s payout ratio is 35.91%.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

HII has been the subject of several analyst reports. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup dropped their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company initiated 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 target price on the stock. Finally, TD Cowen lowered their target price on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus target price of $388.50.

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.