Verity Asset Management Inc. Sells 1,700 Shares of Huntington Ingalls Industries, Inc. $HII

Verity Asset Management Inc. cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 54.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,432 shares of the aerospace company’s stock after selling 1,700 shares during the quarter. Verity Asset Management Inc.’s holdings in Huntington Ingalls Industries were worth $487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the second quarter valued at about $25,000. Rakuten Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 109 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Chad N. Boudreaux sold 4,400 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Trading Up 0.6%

HII opened at $364.26 on Friday. The firm has a market cap of $14.29 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.47 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $404.59 and a 200 day moving average of $368.53.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.72 by $0.32. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $3.15 earnings per share. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.5%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Analyst Ratings Changes

HII has been the topic of several research reports. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Citigroup reduced their target price on Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $383.22.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.