Huntington Ingalls Industries, Inc. $HII Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.3% in the first quarter, Holdings Channel reports. The institutional investor owned 471,429 shares of the aerospace company’s stock after acquiring an additional 10,406 shares during the quarter. Sei Investments Co.’s holdings in Huntington Ingalls Industries were worth $179,097,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in Huntington Ingalls Industries by 40.1% in the 1st 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 lifted its holdings in Huntington Ingalls Industries by 329.4% during 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 grew its position in shares of Huntington Ingalls Industries by 432.1% in the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after purchasing an additional 30,975 shares during the period. Cresset Asset Management LLC grew its position in shares of Huntington Ingalls Industries by 23.0% in the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 294 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth about $398,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HII has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company began coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup reduced their target price on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, TD Cowen decreased their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $374.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $277.32 on Thursday. The company has a fifty day simple moving average of $294.66 and a 200-day simple moving average of $362.46. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.15 and a beta of 0.25. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries, Inc. has a 52-week low of $256.45 and a 52-week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $3.79 earnings per share. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value 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. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by company insiders.

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.