Wealth Enhancement Advisory Services LLC Has $51.46 Million Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Wealth Enhancement Advisory Services LLC lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,193 shares of the aerospace company's stock after selling 4,320 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.64% of Huntington Ingalls Industries worth $51,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock valued at $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock valued at $197,677,000 after purchasing an additional 29,670 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Huntington Ingalls Industries by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after purchasing an additional 77,718 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 75,182.7% in the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after purchasing an additional 491,695 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock worth $1,207,207 over the last ninety days. Company insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Trading Down 0.1%

NYSE HII opened at $233.92 on Friday. The business's 50-day moving average price is $226.15 and its two-hundred day moving average price is $202.83. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The firm has a market capitalization of $9.18 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.48 and a beta of 0.29. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business earned $3.87 EPS. The company's revenue was down 2.5% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HII. The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research note on Thursday, May 15th. Finally, Barclays increased their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $236.38.

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.

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