Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,234 shares of the aerospace company’s stock after selling 178 shares during the quarter. Capital Investment Advisors LLC’s holdings in Huntington Ingalls Industries were worth $1,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after buying an additional 3,088 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $1,769,000. SG Americas Securities LLC increased its stake in shares of Huntington Ingalls Industries by 950.1% in the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after purchasing an additional 34,792 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Huntington Ingalls Industries by 30.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock worth $14,517,000 after purchasing an additional 11,647 shares during the period. Finally, Virtu Financial LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth approximately $1,821,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HII shares. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $261.53 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. Huntington Ingalls Industries, Inc. has a 1 year low of $212.58 and a 1 year high of $299.50. The firm has a market capitalization of $10.31 billion, a PE ratio of 14.74, a P/E/G ratio of 2.25 and a beta of 0.52. The business’s 50 day moving average price is $266.23 and its 200-day moving average price is $261.51.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $3.27 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.99%. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

Huntington Ingalls Industries Company Profile

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.