Invesco Ltd. Decreases Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Invesco Ltd. decreased its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,280,403 shares of the aerospace company’s stock after selling 88,768 shares during the period. Invesco Ltd. owned 3.26% of Huntington Ingalls Industries worth $261,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $26,000. HM Payson & Co. raised its holdings in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after buying an additional 64 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth $31,000. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth $36,000. Finally, Grove Bank & Trust purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth $61,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HII has been the subject of a number of research analyst reports. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Wall Street Zen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Barclays raised their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $258.88.

Huntington Ingalls Industries Trading Up 0.4%

Shares of Huntington Ingalls Industries stock opened at $267.65 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The firm has a fifty day moving average price of $248.96 and a 200 day moving average price of $219.20. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The stock has a market cap of $10.50 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.62 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $4.38 earnings per share. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 40.42%.

Insider Buying and Selling

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.