Swiss National Bank Sells 25,300 Shares of Huntington Ingalls Industries, Inc. $HII

Swiss National Bank decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,900 shares of the aerospace company's stock after selling 25,300 shares during the period. Swiss National Bank owned 0.19% of Huntington Ingalls Industries worth $15,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. 1834 Investment Advisors Co. lifted its holdings in shares of Huntington Ingalls Industries by 28.3% in the 1st quarter. 1834 Investment Advisors Co. now owns 2,478 shares of the aerospace company's stock valued at $506,000 after acquiring an additional 546 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $410,000. Charles Schwab Investment Management Inc. increased its position in shares of Huntington Ingalls Industries by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 376,363 shares of the aerospace company's stock valued at $76,793,000 after purchasing an additional 13,967 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $219,000. Finally, Wills Financial Group LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $230,000. Institutional investors own 90.46% of the company's stock.

Insider Activity

In other news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Up 0.9%

HII traded up $2.52 during trading on Monday, hitting $268.77. 83,113 shares of the stock were exchanged, compared to its average volume of 635,562. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a 50 day simple moving average of $251.49 and a 200 day simple moving average of $220.84. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.57 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company earned $4.38 EPS. The business's revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given 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 dividend yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HII. The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. TD Cowen raised Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Alembic Global Advisors raised 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. Barclays boosted their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Bank of America boosted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $267.00.

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.