QRG Capital Management Inc. Has $242,000 Position in Huntington Ingalls Industries, Inc. $HII

QRG Capital Management Inc. cut its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 74.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 842 shares of the aerospace company’s stock after selling 2,410 shares during the period. QRG Capital Management Inc.’s holdings in Huntington Ingalls Industries were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HII. Korea Investment CORP acquired a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $1,604,000. Primoris Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the third quarter worth about $2,260,000. CWA Asset Management Group LLC increased its position in shares of Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after acquiring an additional 8,384 shares in the last quarter. Markel Group Inc. raised its holdings in shares of Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock worth $4,950,000 after acquiring an additional 2,500 shares during the last quarter. Finally, SS&H Financial Advisors Inc. lifted its position in Huntington Ingalls Industries by 76.7% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after acquiring an additional 3,525 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HII has been the subject of a number of recent research reports. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. TD Cowen raised their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $343.63.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer directly owned 2,418 shares in the company, valued at $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 17,103 shares of company stock worth $5,477,768. Company insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $418.62 on Friday. The stock has a 50 day moving average of $348.34 and a 200 day moving average of $302.97. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.69 and a beta of 0.36. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $432.00. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the firm earned $2.56 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

About Huntington Ingalls Industries

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.