First Horizon Advisors Inc. Reduces Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

First Horizon Advisors Inc. decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 37.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,691 shares of the aerospace company's stock after selling 4,050 shares during the period. First Horizon Advisors Inc.'s holdings in Huntington Ingalls Industries were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC grew its holdings in Huntington Ingalls Industries by 2.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after purchasing an additional 51 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 12.2% during the 1st quarter. Farther Finance Advisors LLC now owns 514 shares of the aerospace company's stock valued at $104,000 after acquiring an additional 56 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Huntington Ingalls Industries by 8.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 820 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 65 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Huntington Ingalls Industries by 21.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock worth $78,000 after acquiring an additional 67 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HII has been the subject of a number of recent analyst reports. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a research report on Thursday, May 15th. Barclays upped their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $236.38.

Huntington Ingalls Industries Stock Up 0.8%

Shares of NYSE:HII opened at $252.22 on Friday. The business's 50 day moving average is $230.64 and its 200 day moving average is $206.20. The stock has a market cap of $9.90 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.57 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 company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the transaction, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,225 shares of company stock valued at $1,207,207. Company insiders own 0.72% of the company's stock.

About Huntington Ingalls Industries

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.

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