Beverly Hills Private Wealth LLC Sells 99 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Beverly Hills Private Wealth LLC trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,557 shares of the aerospace company’s stock after selling 99 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Huntington Ingalls Industries were worth $384,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Huntington Ingalls Industries during the second quarter valued at $26,000. American National Bank purchased a new position in Huntington Ingalls Industries during the first quarter valued at $30,000. Riverview Trust Co purchased a new position in Huntington Ingalls Industries during the first quarter valued at $30,000. Fidelis Capital Partners LLC purchased a new position in Huntington Ingalls Industries during the first quarter valued at $31,000. Finally, Larson Financial Group LLC grew its stake in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HII has been the subject of several research analyst reports. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $280.00 to $285.00 in a research note on Monday. Citigroup started coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $275.50.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $258.32 on Friday. The company’s 50-day moving average price is $266.19 and its 200-day moving average price is $267.03. Huntington Ingalls Industries, Inc. has a twelve month low of $199.11 and a twelve month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company has a market cap of $10.19 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.35 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.27 EPS. On average, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 16.55 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.01%. Huntington Ingalls Industries’s payout ratio is 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.