UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Huntington Ingalls Industries, Inc. $HII

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.2% during the 2nd quarter, Holdings Channel reports. The firm owned 83,280 shares of the aerospace company’s stock after selling 1,848 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Huntington Ingalls Industries were worth $23,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HII. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $25,000. Rakuten Securities Inc. increased its stake in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares in the last quarter. Bayban acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Huntington Ingalls Industries by 363.3% during the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 109 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $285.30 on Friday. The business’s 50 day moving average price is $297.43 and its 200 day moving average price is $340.83. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.09 and a beta of 0.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. Huntington Ingalls Industries, Inc. has a one year low of $263.62 and a one year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $3.86 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s payout ratio is presently 32.90%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HII. Wells Fargo & Company lifted their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup lifted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Sanford C. Bernstein set a $341.00 target price on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th. 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 research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.88.

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.