Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 83.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,928 shares of the aerospace company's stock after selling 9,655 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Huntington Ingalls Industries were worth $390,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Huntington Ingalls Industries by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after buying an additional 29,670 shares during the period. Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after buying an additional 204,376 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Huntington Ingalls Industries by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after buying an additional 77,718 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,225 shares of company stock valued at $1,207,207. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Up 0.3%

NYSE:HII traded up $0.68 during trading hours on Monday, reaching $258.86. 374,683 shares of the company were exchanged, compared to its average volume of 562,282. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 0.99. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.59 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The stock has a 50 day simple moving average of $233.56 and a 200 day simple moving average of $208.99.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm posted $3.87 earnings per share. Huntington Ingalls Industries's revenue was down 2.5% on a year-over-year basis. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays upped their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday. Finally, Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus target price of $251.38.

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.