United Capital Management of KS Inc. Has $1.02 Million Position in Huntington Ingalls Industries, Inc. $HII

United Capital Management of KS Inc. lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 50.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,000 shares of the aerospace company’s stock after selling 3,000 shares during the period. United Capital Management of KS Inc.’s holdings in Huntington Ingalls Industries were worth $1,020,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the second quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the last quarter. NBC Securities Inc. increased its holdings in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Huntington Ingalls Industries by 363.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HII. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Citigroup lowered their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, TD Cowen lowered their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $388.50.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $297.42 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.27 and a beta of 0.23. The business’s 50-day simple moving average is $343.49 and its 200-day simple moving average is $370.95. Huntington Ingalls Industries, Inc. has a 52 week low of $226.75 and a 52 week high of $460.00.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is owned by company insiders.

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.