Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by CX Institutional

CX Institutional lowered its position in Huntington Ingalls Industries, Inc. (NYSE:HIIFree Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,754 shares of the aerospace company’s stock after selling 268 shares during the period. CX Institutional’s holdings in Huntington Ingalls Industries were worth $2,273,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $25,000. Almanack Investment Partners LLC. acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Headlands Technologies LLC raised its position in shares of Huntington Ingalls Industries by 30.1% in the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 52 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $48,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Huntington Ingalls Industries by 33.7% in the third quarter. Parkside Financial Bank & Trust now owns 238 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 89.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Finally, Barclays boosted their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th.

Read Our Latest Analysis on Huntington Ingalls Industries

Insider Activity

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total transaction of $144,280.00. Following the completion of the sale, the vice president now directly owns 18,600 shares of the company’s stock, valued at approximately $5,367,216. The disclosure for this sale can be found here. Insiders sold a total of 8,472 shares of company stock valued at $2,398,345 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.5 %

Shares of NYSE HII opened at $292.58 on Friday. Huntington Ingalls Industries, Inc. has a 12-month low of $188.51 and a 12-month high of $299.50. The stock has a market cap of $11.59 billion, a PE ratio of 17.11, a P/E/G ratio of 2.77 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $277.67 and a 200 day moving average of $247.03.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the prior year, the company earned $3.07 EPS. Huntington Ingalls Industries’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $1.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $5.20 annualized dividend and a dividend yield of 1.78%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.41%.

About Huntington Ingalls Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

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