Invesco Ltd. Sells 88,768 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Key Points

• Invesco Ltd. decreased its stake in Huntington Ingalls Industries by 6.5%, now owning 1,280,403 shares worth approximately $261 million.
• Multiple analysts have upgraded Huntington Ingalls Industries, with price targets increased to as high as $300 and the stock rated as "buy" by several firms.
• Huntington Ingalls Industries recently announced a quarterly dividend of $1.35 per share, representing a 2.0% yield, with an ex-dividend date set for August 29th.

Invesco Ltd. lessened its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,280,403 shares of the aerospace company's stock after selling 88,768 shares during the period. Invesco Ltd. owned about 3.26% of Huntington Ingalls Industries worth $261,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HII. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $31,000. HM Payson & Co. boosted its stake in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 64 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at about $36,000. Finally, Grove Bank & Trust acquired a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $61,000. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HII shares. Barclays lifted their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Wall Street Zen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a report on Thursday, May 15th. Finally, Bank of America lifted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average price target of $267.00.

Huntington Ingalls Industries Stock Performance

HII stock traded down $2.13 during midday trading on Thursday, hitting $267.30. The company's stock had a trading volume of 226,817 shares, compared to its average volume of 511,798. The stock's 50-day moving average price is $250.71 and its 200 day moving average price is $219.99. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.63 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $4.38 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is 40.42%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the 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 sale, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.