Huntington Ingalls Industries, Inc. $HII Holdings Lowered by United Capital Management of KS Inc.

United Capital Management of KS Inc. trimmed its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the aerospace company’s stock after selling 3,000 shares during the period. United Capital Management of KS Inc.’s holdings in Huntington Ingalls Industries were worth $1,020,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. M&T Bank Corp lifted its holdings in shares of Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after purchasing an additional 26,940 shares during the last quarter. Chase Investment Counsel Corp purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at $4,634,000. Builder Investment Group Inc. ADV purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at $6,815,000. Kettle Hill Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 87.3% during the third quarter. Kettle Hill Capital Management LLC now owns 60,816 shares of the aerospace company’s stock valued at $17,510,000 after purchasing an additional 28,347 shares during the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Huntington Ingalls Industries by 662.3% during the fourth quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock valued at $15,237,000 after purchasing an additional 38,928 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup reduced their target price on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective for the company. TD Cowen reduced their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $388.50.

Huntington Ingalls Industries Stock Down 1.2%

Shares of Huntington Ingalls Industries stock opened at $297.42 on Friday. The stock has a 50-day moving average price of $343.49 and a 200 day moving average price of $370.95. The company has a market cap of $11.72 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.27 and a beta of 0.23. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a 1 year low of $226.75 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.79 EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

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.