Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Invesco Ltd.

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 stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,280,403 shares of the aerospace company's stock after selling 88,768 shares during the quarter. Invesco Ltd. owned approximately 3.26% of Huntington Ingalls Industries worth $261,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HII. Patriot Financial Group Insurance Agency LLC raised its holdings in Huntington Ingalls Industries by 2.5% in 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 acquiring an additional 51 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Huntington Ingalls Industries by 12.2% in the first 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 in the last quarter. HM Payson & Co. raised its holdings in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Huntington Ingalls Industries by 8.6% in the first 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in Huntington Ingalls Industries by 21.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 379 shares of the aerospace company's stock valued at $78,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on HII shares. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Barclays raised their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Bank of America raised their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and a consensus price target of $267.00.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the business'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 sale, the vice president directly owned 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 is accessible through the SEC website. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded down $1.42 during midday trading on Friday, reaching $266.04. The stock had a trading volume of 346,578 shares, compared to its average volume of 507,502. The firm has a fifty day simple moving average of $251.49 and a two-hundred day simple moving average of $220.66. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.44 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.57 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, beating analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $4.38 EPS. Huntington Ingalls Industries's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Huntington Ingalls Industries 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.