Sequoia Financial Advisors LLC Has $4.92 Million Position in Huntington Ingalls Industries, Inc. $HII

Sequoia Financial Advisors LLC raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 37.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,592 shares of the aerospace company’s stock after acquiring an additional 4,748 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Huntington Ingalls Industries were worth $4,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HII. California State Teachers Retirement System lifted its stake in shares of Huntington Ingalls Industries by 27,982.9% in the 2nd quarter. California State Teachers Retirement System now owns 12,808,326 shares of the aerospace company’s stock valued at $3,584,922,000 after purchasing an additional 12,762,717 shares during the period. BlackRock Inc. acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth $944,877,000. Northwestern Mutual Wealth Management Co. increased its holdings in Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC lifted its stake in Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after buying an additional 498,690 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after buying an additional 400,428 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This trade represents a 53.80% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.8%

Shares of HII stock opened at $279.36 on Friday. The firm has a fifty day moving average of $297.38 and a 200-day moving average of $335.75. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a 12-month low of $263.62 and a 12-month high of $460.00. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.06 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. The business had revenue of $3.42 billion for 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 firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.86 EPS. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries’s payout ratio is 32.90%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HII shares. 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. TD Cowen reduced their price target on shares of 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. Wolfe Research upgraded 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 raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Finally, Sanford C. Bernstein set a $341.00 target price on Huntington Ingalls Industries in a research note on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $368.88.

About Huntington Ingalls Industries

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.