Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. reduced its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 54.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,001 shares of the aerospace company's stock after selling 3,620 shares during the period. Oakworth Capital Inc.'s holdings in Huntington Ingalls Industries were worth $612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Old North State Wealth Management LLC grew its holdings in shares of Huntington Ingalls Industries by 6.9% during the first quarter. Old North State Wealth Management LLC now owns 15,365 shares of the aerospace company's stock worth $3,141,000 after buying an additional 986 shares during the last quarter. Total Wealth Planning & Management Inc. lifted its position in Huntington Ingalls Industries by 27.4% during the 1st quarter. Total Wealth Planning & Management Inc. now owns 2,924 shares of the aerospace company's stock worth $597,000 after acquiring an additional 628 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Huntington Ingalls Industries by 120.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,757 shares of the aerospace company's stock valued at $1,175,000 after purchasing an additional 3,142 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Huntington Ingalls Industries by 122.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,430 shares of the aerospace company's stock valued at $4,577,000 after purchasing an additional 12,366 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HII. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $236.38.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $239.86 on Friday. The stock has a fifty day moving average price of $227.94 and a 200 day moving average price of $204.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.07. The stock has a market cap of $9.41 billion, a PE ratio of 17.28, a P/E/G ratio of 1.49 and a beta of 0.29. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $285.81.

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

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.25%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president now owns 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction 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 now owns 9,581 shares in the company, valued at $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 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.

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