Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by ING Groep NV

ING Groep NV trimmed its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,998 shares of the aerospace company’s stock after selling 247 shares during the period. ING Groep NV’s holdings in Huntington Ingalls Industries were worth $944,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $42,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $48,000. Bruce G. Allen Investments LLC increased its holdings in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares during the period. True Wealth Design LLC acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $60,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $68,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $168.98 on Tuesday. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $187.49 and a 200-day moving average of $221.37. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Huntington Ingalls Industries 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.