Huntington Ingalls Industries, Inc. $HII Stock Holdings Increased by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,278 shares of the aerospace company’s stock after purchasing an additional 2,183 shares during the period. Kestra Advisory Services LLC’s holdings in Huntington Ingalls Industries were worth $7,324,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Personal CFO Solutions LLC lifted its position in Huntington Ingalls Industries by 3.7% in the 1st quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock worth $294,000 after buying an additional 28 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after buying an additional 31 shares during the last quarter. Intrust Bank NA boosted its position in Huntington Ingalls Industries by 4.5% during the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock worth $279,000 after purchasing an additional 35 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1.7% during the 4th quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock worth $750,000 after buying an additional 36 shares during the period. Finally, Whittier Trust Co. boosted its holdings in Huntington Ingalls Industries by 2.5% during the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock valued at $625,000 after acquiring an additional 38 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated 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 owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $280.02 on Wednesday. The business’s fifty day moving average is $300.69 and its two-hundred day moving average is $365.58. 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 $11.03 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.22 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 52 week low of $250.91 and a 52 week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $3.79 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. 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 2.0%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen cut their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Citigroup decreased their price objective on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Four 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 presently has a consensus rating of “Hold” and a consensus target price of $374.00.

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.