Wealthfront Advisers LLC Sells 1,791 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Wealthfront Advisers LLC cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 60.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,179 shares of the aerospace company's stock after selling 1,791 shares during the period. Wealthfront Advisers LLC's holdings in Huntington Ingalls Industries were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Huntington Ingalls Industries by 0.3% during the 4th 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 period. Geode Capital Management LLC lifted its holdings in Huntington Ingalls Industries by 2.9% during 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 stake 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 worth $157,216,000 after purchasing an additional 204,376 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after buying an additional 77,718 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after buying an additional 491,695 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HII. The Goldman Sachs Group upped their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays lifted their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. 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 note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $251.38.

Huntington Ingalls Industries Price Performance

NYSE HII traded up $1.19 on Tuesday, reaching $254.12. 365,185 shares of the stock traded hands, compared to its average volume of 562,936. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.57 and a beta of 0.31. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm's fifty day simple moving average is $235.85 and its 200 day simple moving average is $211.31. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81.

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

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.12%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, Director Anastasi D. Kelly sold 1,960 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director directly owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock valued at $1,207,207 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.