Sequoia Financial Advisors LLC Acquires 4,748 Shares of Huntington Ingalls Industries, Inc. $HII

Sequoia Financial Advisors LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,592 shares of the aerospace company’s stock after buying an additional 4,748 shares during the period. Sequoia Financial Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Huntington Ingalls Industries by 329.4% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 280 shares in the last quarter. Marshall Wace LLP increased its position in shares of Huntington Ingalls Industries by 432.1% during the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Huntington Ingalls Industries by 23.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 294 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $398,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on HII shares. TD Cowen decreased their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average price target of $368.88.

Insider Transactions at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the completion of the sale, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Down 0.8%

HII opened at $279.36 on Friday. The stock’s fifty day simple moving average is $297.38 and its 200 day simple moving average is $335.75. Huntington Ingalls Industries, Inc. has a 1-year low of $263.62 and a 1-year high of $460.00. The stock has a market cap of $11.01 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.23. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.86 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were given a dividend of $1.38 per share. The ex-dividend date was Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.