Invictus RG lessened its stake in Huntington Ingalls Industries Inc (NYSE:HII) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,683 shares of the aerospace company’s stock after selling 349 shares during the quarter. Invictus RG’s holdings in Huntington Ingalls Industries were worth $397,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $100,000. Welch Group LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter worth $101,000. CAPROCK Group Inc. acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $218,000. HL Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at $212,000. Finally, Sigma Planning Corp acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at $214,000. 84.16% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on HII. Sanford C. Bernstein restated a “market perform” rating and set a $271.00 price objective (up from $242.00) on shares of Huntington Ingalls Industries in a research note on Tuesday, February 20th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Stifel Nicolaus reaffirmed a “sell” rating and set a $230.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, February 16th. Bank of America set a $335.00 price target on Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Credit Suisse Group raised Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price target for the company in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $261.38.
In related news, VP William R. Ermatinger sold 1,689 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $259.34, for a total transaction of $438,025.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer R. Boykin sold 2,616 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $267.50, for a total value of $699,780.00. Following the completion of the transaction, the vice president now directly owns 3,809 shares of the company’s stock, valued at $1,018,907.50. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 6,800 shares of company stock valued at $1,794,184 and have sold 12,979 shares valued at $3,381,250. 2.22% of the stock is currently owned by company insiders.
Shares of Huntington Ingalls Industries Inc (NYSE HII) traded down $3.16 during mid-day trading on Wednesday, hitting $255.51. The stock had a trading volume of 671,554 shares, compared to its average volume of 597,939. The company has a quick ratio of 1.45, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries Inc has a 12 month low of $183.42 and a 12 month high of $276.69. The company has a market capitalization of $11,560.00, a PE ratio of 21.86, a PEG ratio of 0.99 and a beta of 1.01.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.18. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.20 earnings per share. equities research analysts forecast that Huntington Ingalls Industries Inc will post 17.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.72 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.13%. Huntington Ingalls Industries’s payout ratio is presently 24.64%.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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